PODPOD What number is 25% of 240? 60. Sales Tax, Tips, and Markup Sales tax is an additional amount of money charged on items that people buy. The total.

Slides:

Advertisements

Similar presentations

7.RP.3b Day 1 first day Objective: I can find sales tax, tips, and markups.

Advertisements

EXAMPLE 1 Finding a Sale Price You are shopping for a guitar and find one with an original price of $160. The store is offering a 30% discount on all guitars.

Application with Percents Discounted Sale Price and Sales Tax.

In many states you pay sales tax on items you buy. This sales tax is a percent of the purchase price. A tax percent is also called a tax rate. A desk.

7 th Grade Math Ms. Richardson.  Before, we answered all types of percent questions using proportions.  However, when you are finding the percent of.

POD 5 $120 G-shock, 6% sales tax Basic Advanced Find the total cost. Find the percent markup. Foot Locker buys a pair of KD VII’s for $85. They sell them.

Write the percent formula. percent x whole = part Exercise.

POD 4 What number is 25% of 240? p =.25 × 240 basicadvanced p = 60 A used copy of 2K15 costs 75% as much as a new copy. If a used copy is $45.00, then.

Lesson 7.6: Markup and Discount

Percent Discount and Markup

Finding a percent of a number Textbook pages

#23. Sales tax is an amount added to the price of an item. sales tax = price sales tax rate total cost = price + sales tax Sales tax A tip is an amount.

What would you like to do during a bonus class connect?

DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular.

adjectives as you can think of that describes that word.

Percent of a number Lesson 1.

Applications of Percent

How do you compute successive percents? For example: Eli bought a computer that was on sale for 30% off its original price of $500. Eli also used a coupon.

Using Percents to Solve Problems

1. 7 or 7.00 Why is seven right? 20 x

Sales Tax, Tip and Commission

Do Now 4/21/10  Take out HW from last night. –Text p. 355, #8-24 evens  Copy HW in your planner. –Text p. 360, #8-24 evens  In your notebook, answer.

Consumer Math Vocabulary.

Why??  Percents are all around us! Sales and discounts shopping Sales Tax Income Taxes Tips on restaurant bills Etc…  When doing problems with % remember.

Target: Solve problems involving mark-ups, discounts, tips and sales tax.

Markups and Discounts: Chapter 7.6 Goals: To find the NEW PRICE after a markup. To find a NEW PRICE after a discount.

8-5 Sales Tax & Discount Indicator (s)  N8 Develop and analyze algorithms for computing with percent and demonstrate fluency in use. Pages

Markup and Discount 6.5. markup Markup = (% of markup) (store’s cost)

Markup and Discount NS 1.4 Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned, and tips. Objective:-Students.

The Sweater Shack is offering a 20% discount on sweaters

Sales Tax and Discount. 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.

Today we will compute a given percent of a whole number. compute – figure out.

Calculating Tax, Tips, and Commission

Reminder : animation video sales tax. Show at end of lesson.

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

Tax, tip, and Markup Notes and examples.

Using Percent. Warm-up: Get a calculator Find the percent of each number. 1)25% of 200 2)22% of 40 3)63% of 89 4)112% of 24 5)Jenny sold 380 boxes of.

Percents A percent is a ratio that compares a number to 100.

Splash Screen. Lesson Menu Five-Minute Check (over Lesson 7–5) Then/Now New Vocabulary Key Concept: Percent of Change Example 1: Find the Percent of Change.

Sales Tax and Discount. Sales tax and discount Sales tax - is an additional amount of money charged on items people buy. The total cost is the regular.

A item is marked 25% off and then you are given an additional discount of 10%. What will you pay? Are receiving a total of 35% off? Explain why or why.

MARKUP. The difference in the amount that a store charges compared to what the store paid How much a store raises the price to make a profit. Markup =

Splash Screen. Then/Now You have already solved real-world problems using the percent equations. (Lesson 7–5) Solve real-world problems involving markup.

APPLICATIONS OF PERCENT Chapter 6. Fractions, Decimals, & Percents A percent is a ratio that compares a number to 100 To change a decimal to a percent,

Percent Increase Mrs. Kuznia Math 8 Day 13. Percent Increase Examples of Percent Increase: Sales Tax Mark up Tips (gratuity)

Section % of what number is 75? 2. What percent of 25 is 4? 3. If you buy a shirt that was originally $45 but it is on clearance for 25% off,

Target I can understand Markups and Discounts.

Topic 2 Proportional Reasoning with Percents Percent of a Number To find the percent of a number, you can: write the percent as a fraction and.

Percents and Equations 6.7. Translations Is = Of = multiplication What = x Turn % into fraction or decimal to compute.

Markup and Discount 6.6. markup Markup = (% of markup) (store’s cost)

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

Reminder : animation video sales tax. Show at end of lesson.

5 Minute Check Find the percent of change. Round to the whole percent, if necessary. Complete on the back of your homework. 1. $12 to $ notebooks.

SB-Lesson 12.1: Markup and Discount Terminology Selling Price - The price retailers charge customers Cost - The price retailers pay to a manufacturer.

Bell Work Explain why Jamar’s solution was incorrect.

Bell Work is = x_ of = x_ x 100 = 27x 1700 = 27x x = 62.96% or 63%

Percent Proportions & Equations. A percent is a ratio that compares a number to 100. A commission is a percent of the amount of your sales. A percent.

Markup – the amount of money a store increases the price of the goods above what they pay for it. Wholesale price – the amount of money a store pays for.

6.6 Discounts and Markups 10/27/15. Discount How much an item’s price is reduced by.

RED 2012 BOOK. 4.3 Activity You can find 10% and multiply by the correct amount.  Ex: 40% off of $50.00  10% is $5.00.  $5.00 X 4 (for 40%) = $20.00.

Sales Tax and Discount Lesson 8-5. Sales tax and discount Sales tax - is an additional amount of money charged on items people buy. The total cost is.

Discounts, Markups, Sales Tax and Tip

EXAMPLE 1 Finding a Sale Price

Markup and Discount Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned, and tips. Objective:-Students.

Sales tax and tips Sec 6.3C pg

Percents and Total Cost 2.6 and 2.7

7.1.2 Sales Tax, Tips, and Markups

Bell work Week 28 Cost - The price retailers pay to a manufacturer

Bellwork Alonso plans to buy a new kayak that costs $2,100. But when he buys the kayak, it actually costs more because he lives in a county where there.

Presentation transcript:

PODPOD What number is 25% of 240? 60

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. A tip or gratuity is a small amount of money in return for a service. The total price is the regular price plus the tip.

A store sells an item 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.

Example 1: sales tax Drew wants to buy exercise equipment that costs $140 and the sales tax is 5.75%. What is the total cost of the equipment? Method 1: Add the sales tax to the regular price Let t = the sales tax. Use the following equation: t = percent × whole t = × 140 t = 8.05 Turn 5.75% into a decimal = $ The total cost of the exercise equipment is$148.05

Drew wants to buy exercise equipment that costs $140 and the sales tax is 5.75%. What is the total cost of the equipment? Method 2: Add the percent of tax to 100% Let t = the sales tax. Use the following equation: t = percent × whole t = × 140 t = % % = % The total cost of the exercise equipment is$148.05

Example 2: Tip A customer wants to tip 15% on a restaurant bill that is $35. What will be the total bill with tip? Method 1: Add the tip to the regular price Let t = the tip. Use the following equation: t = percent × whole Turn 15% into a decimal t = 0.15 × 35 t = 5.25 Add the tip to the bill. $ $35 = $40.25

Example 2: Tip A customer wants to tip 15% on a restaurant bill that is $35. What will be the total bill with tip? Method 2: Add the percent of tip to 100% Let t = the tip. Use the following equation: t = percent × whole 100% + 15% = 115% t = 1.15 × 35 t = The total bill is $40.25

Example 3: Markup A store pays $56 for a GPS navigation system. The markup is 25%. Find the selling price. Method 1: Add the markup to the price Let m = the markup. Use the following equation: m = percent × whole Turn 25% into a decimal m = 0.25 × 56 m = 14 Add the markup to the price. $14 + $56 = $70 The selling price is $70

Example 3: Markup A store pays $56 for a GPS navigation system. The markup is 25%. Find the selling price. Method 2: Add the percent of markup to the cost Let m = the markup. Use the following equation: m = percent × whole 100% + 25% = 125% m = 1.25 × 56 m = 70 The selling price is $70

Whiteboard time What is the total cost of a sweatshirt if the regular price is $42 and the sales tax is 5.5% t = × 42 t = $44.31

Scott wants to tip his taxicab driver 20%. If his commute costs $15, what is the total cost? t =.20 × 15 $15 + $3 = $18 t = 3.0

Find the total cost of a spa treatment of $42 including 6% sales tax and a 20% tip. t = 1.26 × 42 t = $52.92

A store pays $150 for a portable basketball backboard and the markup is 40%. What is the selling price? m =.40 × 150 m = = 210 The selling price is $210