Sales Tax And Tip.

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Presentation transcript:

Sales Tax And Tip

is determined by finding a certain percentage of a purchase price is determined by finding a certain percentage of a purchase price. It is added to your total bill when you make a purchase. Sales tax

A is money given to someone to show appreciation for a service. tip

Step One- Convert the percent to a decimal. 5% = .05 Calculating Sales Tax Figure out your total bill, if you buy a meal for $15.50 with a sales tax of 5%. Step One- Convert the percent to a decimal. 5% = .05 Step Two – Multiply the price and the decimal. $15.50 x .05 = .775 round to .78 Step Three- Add the tax to the price. $15.50 + .78 = $16.28

Step One- Convert the percent to a decimal. 15% = .15 Calculating Tip Your total bill was $16.28 which includes tax. If the tip was 15% use the steps below. Step One- Convert the percent to a decimal. 15% = .15 Step Two – Multiply the price and the decimal. $16.28 x .15 = 2.442 round to 2.44 Step Three- Add the tip to the price. $16.28 + 2.44 = $18.72

Step One- 6.5% = .065 Step Two – $78.99 x .065 = $5.13 Lindsey went to Best Buy and bought an MP3 Player. If the MP3 Player costs $78.99 and the sales tax was 6.5%, what was her total bill? Step One- 6.5% = .065 Step Two – $78.99 x .065 = $5.13 Step Three- $78.99 + $5.13 = $84.12

Step One- 18% = . 18 Step Two – $21.23 x .18 = $3.82 Karlie at lunch with her friends at Salsa. They had a delicious meal that cost $21.23. If they tipped their waitress 18%, what was their total bill? Step One- 18% = . 18 Step Two – $21.23 x .18 = $3.82 Step Three- $21.23 + $3.82 = $25.05

VIDEO Sales Tax