WHAT IS THE DIFFERENCE BETWEEN CALCULATING TAX AND DISCOUNT Question of the day.

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Presentation transcript:

WHAT IS THE DIFFERENCE BETWEEN CALCULATING TAX AND DISCOUNT Question of the day

AGENDA 1. Go over some examples 1. Go over some examples 2. Go over foldable 2. Go over foldable 3. Exit ticket 3. Exit ticket

YOUR TURN In the notes section of your notebook calculate the sale price In the notes section of your notebook calculate the sale price 1.Video game:$75 Discount:25% 2.Skateboard:$ Discount:30% 3.Television: $ Discount35%

THESE ONES DIFFERENT, CAREFUL 1. The original price of the TV is $450. Sam will only buy the TV if it is under $400. What will the discount have to be in order for him to buy it. 1. The original price of the TV is $450. Sam will only buy the TV if it is under $400. What will the discount have to be in order for him to buy it. 2. The sale price is $300 and it is 20% off. What was the original 2. The sale price is $300 and it is 20% off. What was the original

LETS CHECK OUR FOLDABLE Discount Discount A certain percentage off a price A certain percentage off a price Find the percent of the whole price and subtract it Find the percent of the whole price and subtract it Find the percent the part is of the whole Find the percent the part is of the whole Markdown A certain percentage off the price, usually an entire store or product Find the percent of the whole price and subtract Find the percent the part is of the whole

FOLDABLE Tip An extra amount of money given for a service Find the percent of the price and add it Commission A certain percentage of money earned in addition to a salary Find the percent of your earnings and add it Fees and taxes Additional money due after price Find the percent of the price and add it to price

MAKE SURE YOU HAVE AN EXAMPLE OF EACH Finish foldable Finish foldable

EXIT TICKET List steps in solving a proportion List steps in solving a proportion “ cross, cross, divide” “ cross, cross, divide”