Tax, Tips, and Discounts!!!

Tax, Tips, and Discounts!!! - REAL WORLD MATH

January 6/7: I can learn to calculate sales tax and the final price.

January 13/14: I can use my knowledge of percents to calculate tip amounts and total price.

January 25/26: I can calculate different discounts and find the cost of an item.

Review: Percent of a Number

• OF = MULTIPLY (x)

• Change the % to a fraction or decimal

Multiple Choice

15% of 28

• 42

• .42

• 4.2

• 40.2

Multiple Choice

75% of 92

• 6.9

• .69

• 69

• 690

SALES TAX

• An extra fee we pay on the items we buy at the store (ADDED TO PRICE)

• Sales Tax is a percent that changes based on the state you live in

• Kentucky = 6%

• Indiana = 7%

• Tennessee = 9%

Multiple Choice

Sales tax is __________ to the price

• subtracted

• added

• multiplied

• divided

calculating sales tax = finding percent of a number!

• Wendy's Order Total: $7.43

• Kentucky sales tax = 6%

• 6% of $7.43

• 0.06 x $7.43 OR

   $\frac{6}{100}\times\text{7.43}$  

• 0.4458 = 0.45 = TAX

Multiple Choice

Find the sales tax only. $199.95 iphone; 7% tax

• $ 13.98

• $ 213.95

• $14.00

• $15.90

What is the total price?

• Sales tax is always ADDED to the cost of the item!

• 199.95 + 14.00 = 213.95

• $213.95 for the iPhone including tax!

Multiple Choice

Find the sales tax only. $34 groceries; 8% tax

• $ 2.72

• $ 36.89

• $ 3.00

• $ 28.90

What is the total price?

• Sales tax is always ADDED to the cost of the item!

• 34.00 + 2.72 = 36.72

• $36.72 for the groceries including tax!

Multiple Choice

Lona wants to a buy raincoat for her goat.  If the raincoat costs $39.99 and has a sales tax rate of 7%.  What will be the FINAL PRICE (with tax) of the raincoat?  

• $42.79
• $42.78
• $2.80
• $2.79

Multiple Choice

Ralph buys a computer for $675. The sales tax rate is 6%. How much did Ralph pay for the computer?

• 40.50
• 715.50
• 6.00
• 634.50

STOP HERE FOR TODAY!

Use brave time to complete your math assignments!!

- IXL lessons

- QUIZ!

- VIDEO!

Review: Percent of a Number

• OF = MULTIPLY (x)

• Change the % to a fraction or decimal

Multiple Choice

What is 42% of 65?

• 23.7
• 25.3
• 27.3

Multiple Choice

What is 11% of 15?

• 1.65
• 1.56
• 2.5

Sales Tax REVIEW Video!

- Its four minutes!!!

-Take notes!!

-I will pause and tell you important information along the way (:

Multiple Choice

What is the total cost with sales tax?
Price $2.75
Tax 5%

• $2.89
• $3.00
• $0.14
• $2.75

Multiple Choice

What is the total cost with sales tax?
Price $17.95
Tax 6%

• $19.03
• $18.50
• $1.08
• $2.15

TIPS!

- Additional money paid to workers from customers

- Usually given for great service!

- Type ONE job where they receive tips in the chat

calculating tips = finding percent of a number!

• Hair Salon Cost: $45

• TIP: 25%

• 25% of $45

• 0.25 x $45 OR

   $\frac{25}{100}\times\text{45}$  

• TIP = $11.25

Multiple Choice

Eliza bought a meal that cost $12.00. She tipped the waiter 25% of that amount. How much was the tip?

• $ 15.00
• $ 12.25
• $3.00
• $4.00

What is the total price?

• The tip is always ADDED to the cost!

• 12.00 + 3.00 = 15.00

• $15.00 for Eliza's meal including tip.

Multiple Choice

How much would the tip be if you left 18% on a $75.45 steak dinner?

• $ 13.58
• $ 89.03
• $ 61.87
• $135.80

What is the total price?

• The tip is always ADDED to the cost!

• 75.45 + 13.58

• $88.93 for the steak dinner including tip.

Multiple Choice

Angela spent $30.00 at a restaurant.  If she leaves a 15% tip, how much will her TOTAL BILL be? 

• 30.00
• 45.25
• $ 34.50
• 35.65

Multiple Choice

Daniel has dinner at a restaurant and the cost of his meal is $28.00. Because of the service, he wants to leave a 20% tip. What is his total bill including tip?

• 33.60
• 40.00
• 24.60
• 30.50

STOP HERE FOR TODAY!

Use brave time to complete your math assignments!!

- IXL lessons

- QUIZ!

- VIDEO!

What is a discount?

an amount or percentage subtracted from the normal selling price of something

Multiple Choice

Discounts are always ______________ from the original price

• ADDED

• SUBTRACTED

• MULTIPLIED

• DIVIDED

Multiple Choice

A discounted price means the price has

• decreased
• increased

Multiple Choice

When you have a discount, do you add or subtract the discount from the total?

• Subtract
• Add

Discount Video - Week 2 Video

• Open the google form to answer the questions! https://forms.gle/AfKCkpgAMve2Z4NA8

• https://www.youtube.com/watch?v=-u7bwRGhqjQ

Practice Calculating Discount

• The new iphone cost $399

• Best Buy is offering a discount for 20% off

• How much money would you save going to Best Buy?

• 20% x $399

• $79.80

Practice Calculating Discount

• Airpods cost $169.00

• Walmart is selling them for 15% off!

• How much money would you save going to Walmart?

• 15% of 169.00

• $25.35

Multiple Choice

Gabby has a coupon for 20% off of her meal at Outback. What is the amount of the discount Gabby receives if her meal cost $28?

• $22.40

• $4.20

• $5.60

• 33.60

Multiple Choice

A pair of shoes cost $50.00. A 20% discount is offered. What is the amount of discount?

• $5.00

• $10.00

• $60.00

• $40.00

Practice Calculating Total Cost

• Step 1: Find the percent of

• 10% of $21

• $2.10 = amount of discount

• Step 2: Subtract

• $21 - $2.10 = $18.90

Practice Calculating Total Cost

• Step 1: Find the percent of

• 50% of $16.18

• $8.09 = amount of discount

• Step 2: Subtract

• $16.18 - $8.09 = $8.09

Multiple Choice

Kimoni wants to purchase a pair of shoes that are on sale for 10% off the regular price of $64.00. Which is the sale price of the shoes?

• $6.40

• $57.60

• $63.90

• $70.40

Multiple Choice

Macy's Department Store has a 30%-off sale this week. What is the sale price for a pair of $24.00 jeans?

• $2.40

• $7.20

• $16.80

• $21.60