RP.3 Review

RP.3 Review

Sales tax,
Tip, Discount, Commission, and Simple Interest

Sales Tax

• Goes to the Government

• ADDED to the price of the item

Multiple Choice

Who benefits from Sales Tax?

• Customer

• Salesperson

• Server

• Government

How to find and use Sales Tax $Dollars$

• Sales Tax Rate% x Purchase Price = Sales Tax $

• Purchase Price + Sales Tax $ = Total Price

Multiple Choice

Sales tax is __________ to the price.

• subtracted
• added
• multiplied
• divided

Multiple Choice

Bruce just bought a new car. His car costs $75,000. How much money will he pay in taxes for the car if the sales tax is 6%?

• 1000

• 2000

• 4000

• 4500

Multiple Choice

Ashley went to Olive Garden and spent $28.45 on dinner. The tax was 8.5%. What is her TOTAL bill after tax?

• 23.87

• 33.76

• 30.87

• 26.03

Tip

• Goes to the Server (Waiter/Waitress)

• ADDED to the cost of the meal or service

Multiple Choice

Who benefits from Tip?

• Customer

• Salesperson

• Server

• Government

How to find and use Tip $Dollars$

• Tip Rate% x Price = Tip $

• Price + Tip $ = Total Price

Multiple Choice

Tip is __________ to the price.

• subtracted

• added

• multiplied

• divided

Multiple Choice

Breakfast at Denny’s cost $8.63. You give a 15% tip. What is the tip amount?

• $8.78

• $1.29

• $9.92

• $1.34

Multiple Choice

Dinner at the Olive Garden cost $52.37. You leave a 20% tip. What is the total cost?

• $72.37

• $10.47

• $62.84

• $41.90

Discount

• Benefits the Customer

• SUBTRACTED from the cost of the item

Multiple Choice

Who benefits from Discount?

• Customer

• Salesperson

• Server

• Government

How to find and use Discount $Dollars$

• Discount Rate% x Price = Discount$ (Savings)

• Price - Discount $ = Sales Price

Multiple Choice

Discount is __________ from price.

• subtracted

• added

• multiplied

• divided

Multiple Choice

If you receive 25% off an item costing $22.00, how much money do you save?

• $5.50

• $4.25

• $6.00

• $7.35

Multiple Choice

A pair of boots are $94.99. They are 25% off. With this discount, what is the sale price? Round to nearest cent if necessary.

• $71.24

• $2374.75

• $118.74

• $23.75

Commission

• Goes to the Salesperson

• ADDED to the Salesperson's paycheck

Multiple Choice

Who benefits from Commission?

• Customer

• Salesperson

• Server

• Government

How to find and use Commission $Dollars$

• Commission Rate% x Price = Commission$

• Price + Commission $ =

  Total Salary

Multiple Choice

Commisssion is __________ to the Salesperson's Pay Check.

• subtracted

• added

• multiplied

• divided

Multiple Choice

Derek sells appliances. He is paid a 6.5 % commission on every appliance he sells. Derek sold $9,732 worth of appliances this week. What is Derek’s commission?

• $632.58

• $63.26

• $6,325.80

• $143.38

Multiple Choice

Randy gets fixed salary of $2000 per month and a commission of 2% on sales. If his total sales are $30,000 for the month, find his total salary for the month.

• $2,600

• $600

• $32,000

• $30,600

How to find Simple Interest

Multiply ALL 3 together

• p - principal

• r - rate

• t - time in years

Multiple Choice

If you are calculating the simple interest and you are given the time in months, how can you find the time in years?

• Add 12 to the months

• divide the months by 12

• multiply 12 times the months

• You cannot change it to months.

Multiple Choice

Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays a simple interest rate of 3.8%. What will be the amount of interest earned after 15 years?

• $3182.50

• $270.75

• $2707.50

• $745.75

Multiple Choice

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

• $150
• $192
• $1350
• $1392

Poll

How do you feel about solving for Sales Tax and applying it to find the total price?

• Unsure

• Somewhat Ok

• Good

Poll

How do you feel about solving for Tip and applying it to find the total price?

• Unsure

• Somewhat Ok

• Good

Poll

How do you feel about solving for Discount and applying it to find the sales price?

• Unsure

• Somewhat Ok

• Good

Poll

How do you feel about solving for Commission and applying it to find the salesperson's total salary?

• Unsure

• Somewhat Ok

• Good

Poll

How do you feel about finding the interest?

• Unsure

• Somewhat OK

• Good