1 / 12

Discounts and Sales Tax

Discounts and Sales Tax. Discounts. To find the discount – multiply the price by the discount rate Change the percent to a decimals To find the sale price, subtract the discount from the original price. Example:.

maxine
Download Presentation

Discounts and Sales Tax

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Discounts and Sales Tax

  2. Discounts • To find the discount – multiply the price by the discount rate • Change the percent to a decimals • To find the sale price, subtract the discount from the original price.

  3. Example: • You have $30 to spend at a sporting goods store. You find a pair of running shoes that you want to purchase. The original cost of the shoes is $42, but they are on sale for 30% off. It is tax-free week, so you will not be charged sales tax. Can you purchase the shoes with your gift card?

  4. 1) multiply the cost by the discount • 42 x 30% • 2) Change the percent to a decimal • 42 x .30 = $12.60 • 3) Subtract the discount from the original price • $42 – $12.60 = $29.40

  5. Sales Tax • To find sales tax – multiply the price by the sales tax • Change the percent to a decimal • To find the sale price, add the sales tax to the original price.

  6. Example: • You have been saving to buy a skateboard. The skateboard costs $89, and the sales tax is 8%. What is the cost of the skateboard?

  7. 1) Multiply the cost by the sales tax • $89 x 8% • 2) Change the percent to a decimal • $89 x .08 =$7.12 • 3) Add the sales tax to the original cost • $89 + $7.12 = $96.12

  8. Sales Tax and Discounts • 1) Find the discount price • 2) Subtract from original price • 3)Multiply new price by sales tax rate to find the sale tax • 4) Add the sales tax to the discounted price

  9. Example • You have been saving your money to buy a skateboard. The skateboard costs $89, but you have a coupon for 25% off. Sales tax for your area 8%. If you have saved $71 so far, how much more money must you save before you can buy the skateboard?

  10. 1) Multiply the cost by the discount • $89 x 25% • 2) Change the percent to a decimal • $89 x .25 = $22.25 • 3) Subtract discount from the original price • $89 - $22.25 = $66.75 • 4) Multiply discounted price by sales tax • $66.75 x 8% • 5) Change percent to a decimal • $66.75 x .08 = $5.34 • 6) Add sales tax to discounted price • $66.75 + $5.34 = $72.09 • $72.09 - $71 = $1.09

  11. Try These: • 1) Tommy mows lawns in the summer to earn spending money. He charges his customers $15 per lawn. Tommy wants to buy an MP3 player from his favorite electronics store. The player that he wants usually costs $75, but it is on sale for 20% off its regular price. Tommy must also consider the local sales tax of 6% he must pay. How many lawns will Tommy have to mow before he can purchase his MP3 player?

  12. 2) Sally buys a pair of shoes that are $49.99. The sales tax is 8%. What is the amount of sales tax? • 3) Jackie wants to buy a couch that costs $775.15. The sales tax is 6%. What is the total purchase price of the couch? • 4) Darlene bought a pair of jeans on sale for $28.56. The sale was 30% of the regular price. What was the regular price of the jeans?

More Related