12/6 Tax, Tips, Discount Lesson

​Tax, Tips, Discounts Lesson

by Samantha Ratliff

Open Ended

Answer the following four questions in your own words:

1. What is tax?

2. What is a tip?

3. What is a discount?

4. What is a markup?

​Tax, Tip, Discounts, Markups!

​All four of these things impact how much you will pay for something.

​

​Taxes, Tips, and Markups will increase your price (makes you pay extra).

​

​A discount decreases your price (saves you money).

​Example...1

• Mrs. Ratliff is holiday shopping at Target.

• ​Her subtotal is $205.60

• ​The tax rate is 5.3%

​How much will she pay in tax?

​

​

​How much is the final cost?

​Example...2

• You go out to eat at Outback.

• ​The bill is $58.65.

• ​You decide to leave a tip of 15% for the server.

​How much is the tip?

​

​

​How much is the total bill?

​Example...3

• Destiny wants to buy a scarf.

• ​The original price of the scarf is $26

• ​The scarf is on sale for 20% off the original price.

​​How much did she save?

​

​

​How much will it cost?

​Example...4

• ​To make a small cheese pizza at Papa John's:

  • ​$0.60 for the cheese

  • ​$0.24 for the dough

  • ​$0.05 for the sauce

• ​Papa John's then marks up the price by about 798.9%!!!

​​​How much money does Papa John's make off of every small cheese pizza?

​

​

​How much does a small cheese pizza cost you, the consumer?

​

You pay $35 for a new wireless charger. The tax is 5%. What is the cost after tax?

Do we need to find the total amount or just the tax?

​

​Set it up in your notebooks and solve.

Multiple Choice

You go to a different store and see a charger for $33! You go to checkout but the tax is 12%. Is this a better deal?

• Yes

• No

The discount on a new phone case is 60% off its original price of $15. How much will you save?

Do we need to find the total amount or just the discount?

​

​Help me set it up: (write this in your notebooks)

An iPhone is on sale for 12% off the original price of $999. What is the sale price of the iPhone?

Do we need to find the total amount or just the discount?

​

​Help me set it up: (write this in your notebooks)

Multiple Choice

Your Cheddar's bill is $28.14. You leave an 18% tip. How much did the server get as a tip?

• $28.14

• $156.33

• $506.52

• $5.07

Apple orders airpods for $50 and then increases the price by 30%. How much do they cost to you, the consumer?

What is different about this problem?

​

​Help me set it up: (write this in your notebooks)

Multiple Choice

What are the steps to solve this problem?

Kyle bought a hamster on sale 25% off.

If the hamster originally sold for

$12, what was the sale price?

• 1. find 25% of 12.

  2. add it to 12

• 1. find 25% of 12.

  2. subtract it from 12

• 1. find 12% of 25

  2. add it to 12

• 1. find 12% of 25

  2. subtract it from 12

Multiple Choice

Kyle bought a hamster on sale 25% off.

If the hamster originally sold for

$12, what was the sale price?

• $18

• $9

• $10

• $11

​For the rest of class...

​ixl: SPN (tax, tip, discount problems)

​COPY DOWN THE SETUP ON NOTEBOOK PAPER TO TURN IN

​smartscore goal of 72