Calculating Tax, Tip, and Discounts with Proportions

This video tutorial explains how to use proportions to calculate sales tax, tips, and discounts. It demonstrates the process of setting up proportions to find the part of a whole, using cross products, and solving for the unknown. The video covers examples such as calculating a 5% sales tax on a $30 haircut, a 20% tip, and a 50% discount on a $25.99 item. The tutorial emphasizes the practical application of proportions in everyday financial calculations.

What is the first step in using proportions to calculate sales tax?

• Subtract the tax from the total cost

• Divide the total cost by the tax rate

• Set up a proportion comparing part to whole

• Multiply the total cost by the tax rate

If the sales tax rate is 5% and the cost of a haircut is $30, what is the sales tax amount?

• $1.00

• $2.00

• $2.50

• $1.50

What is the proportion used to calculate a 20% tip on a $30 haircut?

• 30/100 = x/20

• 100/20 = x/30

• 20/100 = x/30

• 30/20 = x/100

How much is a 20% tip on a $30 haircut?

• $4.00

• $5.00

• $6.00

• $7.00

What is the first step in calculating a discount using proportions?

• Set up a proportion comparing part to whole

• Divide the total cost by the discount rate

• Multiply the total cost by the discount rate

• Subtract the discount from the total cost

If an item costs $25.99 and is 50% off, what is the discount amount?

• $12.99

• $13.00

• $12.50

• $12.00

What is the final cost of an item priced at $25.99 after a 50% discount?

• $12.00

• $13.00

• $12.99

• $12.50

What mathematical operation is used to find the part in a proportion?

• Multiplication

• Subtraction

• Addition

• Division

How do you finalize the cost after applying a discount?

• Add the discount to the original price

• Divide the discount by the original price

• Subtract the discount from the original price

• Multiply the discount by the original price

What is the purpose of rounding off to the nearest penny in money calculations?

• To simplify the calculation

• To ensure accuracy in financial transactions

• To make the number look better

• To avoid decimals