5 Minute Check Find the percent. Complete on the back of your homework. 1. 30% of $6 2. 45% of $9 3. 63% of $12 4. 12% of $3.50.

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Presentation transcript:

5 Minute Check Find the percent. Complete on the back of your homework. 1. 30% of $6 2. 45% of $9 3. 63% of $12 4. 12% of $3.50

5 Minute Check Find the percent. Complete on the back of your homework. 1. 30% of $6

5 Minute Check Find the percent. Complete on the back of your homework. 1. 30% of $6 6 x .3 1.8 $1.80

5 Minute Check Find the percent. Complete on the back of your homework. 2. 45% of $9

5 Minute Check Find the percent. Complete on the back of your homework. 2. 45% of $9 .45 x 9 4.05 $4.05

5 Minute Check Find the percent. Complete on the back of your homework. 3. 63% of $12

5 Minute Check Find the percent. Complete on the back of your homework. 3. 63% of $12 12 x .63 36 720 7.56 $7.56

5 Minute Check Find the percent. Complete on the back of your homework. 4. 12% of $3.50

5 Minute Check Find the percent. Complete on the back of your homework. 4. 12% of $3.50 3.5 x .12 70 350 .420 $.42

Lesson E.2.a Sales Tax, Tips and Markup Wednesday, Sept 23 Lesson E.2.a Sales Tax, Tips and Markup

Solve One-Step Inequalities

Solve One-Step Inequalities 2100 x .07 147.00

Solve One-Step Inequalities

Solve One-Step Inequalities

Solve One-Step Inequalities

Solve One-Step Inequalities

Solve One-Step Inequalities

Solve One-Step Inequalities 2100 x 1.07 14700 0000 210000 2247.00

Solve One-Step Inequalities

Solve One-Step Inequalities

Sales Tax, Tips and Markup Objective: To solve problems involving sales tax, tips, and markups.

Sales Tax, Tips and Markup Sales tax is an additional amount of money charged on items that people buy. The total cost of an item is the regular price plus the sales tax. Sales tax is added onto the price of the item.

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? What percentage of the price of the item are we paying (not including tax)?

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? What percentage of the price of the item are we paying (not including tax)? (item) 100%

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? How much tax are we paying? (item) 100%

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? How much tax are we paying? (item) (tax) 100% 5%

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? Our total price will be what percentage of the price of the item? (item) (tax) 100% 5%

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? Our total price will be what percentage of the price of the item? (item) (tax) (total) 100% + 5% = 105%

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? What is that in decimal form? (item) (tax) (total) 100% + 5% = 105%

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? What is that in decimal form? (item) (tax) (total) 100% + 5% = 105% = 1.05

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? How much money do we need for the item? (item) (tax) (total) 100% + 5% = 105% = 1.05

Sales Tax, Tips and Markup Drew wants to buy exercise equipment that costs $140 and the sales tax is 5%. What is the total cost of the equipment? 1.05 2 decimal places x 140 0 decimal places 000 2 total decimal place 4200 +10500 147.00 $147

Sales Tax, Tips and Markup What is the total cost of a sweatshirt if the regular price is $42 and the tax is 7%? Do this on your own.

Sales Tax, Tips and Markup What is the total cost of a sweatshirt if the regular price is $42 and the tax is 7%? 100% + 7% = 107% 1.07 2 decimal places x 42 0 decimal places 214 2 total decimal place +4280 44.94 $44.94

Sales Tax, Tips and Markup What is the total cost of a $2.95 notebook if the tax is 5%? Do this on your own.

Sales Tax, Tips and Markup What is the total cost of a $2.95 notebook if the tax is 5%? 100% + 5% = 105% 1.05 2 decimal places x 2.95 2 decimal places 525 4 total decimal place 9450 +21000 3.0975 $3.10 (Since this is money we round to the hundredth)

Sales Tax, Tips and Markup A tip or gratuity is a small amount of money in return for a service. The total price is the regular price of the service plus the tip. A tip or gratuity is added onto the price of the item.

Sales Tax, Tips and Markup A customer wants to tip 15% on a restaurant bill that is $35. What will be the total bill with tip? Do this on your own.

Sales Tax, Tips and Markup A customer wants to tip 15% on a restaurant bill that is $35. What will be the total bill with tip? 100% + 15% = 115% 1.15 2 decimal places x 35 0 decimal places 575 2 total decimal place +3450 40.25 $40.25

Sales Tax, Tips and Markup What is the total cost of a $28 lunch with a 20% tip? Do this on your own.

Sales Tax, Tips and Markup What is the total cost of a $28 lunch with a 20% tip? 100% + 20% = 1% 1.20 2 decimal places x 28 0 decimal places 960 2 total decimal place 2400 33.60 $33.10

Sales Tax, Tips and Markup A haircut costs $20. Sales tax is 5% Is $25 sufficient to cover the haircut with tax and a 15% tip? Do this on your own.

Sales Tax, Tips and Markup A haircut costs $20. Sales tax is 5% Is $25 sufficient to cover the haircut with tax and a 15% tip? 100% + 5% + 15% = 120% 1.2 1 decimal places x 20 0 decimal places 000 1 total decimal place +2400 24.00 Yes, $25 is enough.

Sales Tax, Tips and Markup Jamie went to have a manicure that cost $30. She wanted to tip the technician 20% and the tax is 5.75%. How much did she spend total? Do this on your own.

Sales Tax, Tips and Markup Jamie went to have a manicure that cost $30. She wanted to tip the technician 20% and the tax is 5.75%. How much did she spend total? 100% + 20% + 5.75= 125.75% 1.2575 x 30 37.7250 $37.73

Sales Tax, Tips and Markup A store selling items for more than it pays for those items. The amount of increase is called the markup. The selling price is the amount the customer pays for an item. A markup is added onto the price of the item.

Sales Tax, Tips and Markup A store pays $56 for a GPS navigation system. The markup is 25%. Find the selling price. Do this on your own.

Sales Tax, Tips and Markup A store pays $56 for a GPS navigation system. The markup is 25%. Find the selling price. 100% + 25% = 125% 1.25 2 decimal places x 56 0 decimal places 750 2 total decimal place +6250 70.00 The selling price is $70

Sales Tax, Tips and Markup Find the selling price of a $62.25 karaoke machine with a 60.5% markup. Do this on your own.

Sales Tax, Tips and Markup Find the selling price of a $62.25 karaoke machine with a 60.5% markup. 62.25 x 1.605 31125 00000 3735000 6225000 99.91125 The selling price is $99.91

Sales Tax, Tips and Markup Agenda Notes Homework Practice E.2.a Show all work and circle all answers. Due Thursday, Sept 24 Chapter 2 Test -Tuesday, Sept 29 Accum Review 2 due Tuesday, Sept 29