Do Now You buy a cell phone that is 20% off the original price of $129. Find the sale price.

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Presentation transcript:

Do Now You buy a cell phone that is 20% off the original price of $129. Find the sale price.

7.6 Percent Applications Part 2 Objective: Find markups, discounts, sales tax, and tips. Homework: Page 376 #’s: 14-25

Using Sales Tax and Tips O The bill for your restaurant meal is $22. You leave a 15% tip. The sales tax is 6%. What is the total cost of your meal? (*Tax is added before the tip) Total cost of meal = $22 + (6% * 22) + (15% * 22) Or Total cost of meal = ($22 * 106%) + (115% * 22)

Try It Out! O Your bill at the restaurant is $34. You leave a 20% tip. Find the total cost of the meal if the sales tax is 7%.

Finding an Original Amount O A furniture store marks up the wholesale price of a desk lamp by 80%. The retail price is $35. What is the wholesale price? O Let x represent the wholesale price O $35= (100% + 80%)x

Try it Out! O A store marks up the wholesale price of a printer by 95%. The retail price is $120. What is the wholesale price of the printer?

Closure O What is the difference between using the sales tax and tips and finding an original amount?