1. Chapter 6
Cash Purchases

2. 6-1 Sales Tax Vocabulary Formula Sales Tax
Sales Tax is usually a percent and is different from state to state
Formula
Sales Tax = Total Selling Price x Sales Tax Rate

3. 6-1 Sales Tax
Example 1: Aleta bought a cell phone for $ and a phone case for $ What is the total sales tax if she lives in Austin, Texas, where the state tax is 6.25% and the city tax is 2.00%?
STEP 1: Find the total selling price.
STEP 2: Find the sales tax.

4. 6-1 Sales Tax
Example 2: Brenda purchases a vacuum cleaner for $ She lives in Wisconsin, where the sales tax is 5%. Find the sales tax.
Example 3: Mikiko purchases a photo printer for $ and a package of photo paper for $ What is the total selling price? What is the sales tax on her purchases in Hawaii where the sales tax is 4%?

5. 6-2 Total Purchase Price Vocabulary Formulas Sales Receipt
Sales Tax = Total Selling Price x Sales Tax Rate
Total Purchase Price = Total Selling Price + Sales Tax

6. 6-2 Total Purchase Price
Example 1: A store in Madison, Wisconsin, advertised a smoke alarm for $24.95 and a fire extinguisher for $ What is the sales tax if the combined state and city rate is 6%? What is the total purchase price?
STEP 1: Find the total selling price.
STEP 2: Find the sales tax.
STEP 3: Find the total purchase price.

7. 6-2 Total Purchase Price
Example 2: Mike Gustweller, a logger, purchases the items listed on the sales receipt from Verl’s Say Shop. He checks the information on the receipt. The sales tax rate is 5%. What is the total selling price?

8. 6-2 Total Purchase Price
Example 3: Whitney purchases a 36-inch color TV for $756 and a DVD player for $222. What is the sales tax if the combined state and city rates is 4.75% and 3.25%? What is the total purchase price?

9. 6-3 Unit Pricing Vocabulary Formula Unit Pricing
Unit Price = Price per Item / Measure or Count

10. 6-3 Unit Pricing
Example 1: Shane purchased a 34.5 ounce can of coffee for $3.99, a 2-liter bottle of cleaner for $3.98, and a dozen oranges for $ What is the unit price of the items to the nearest tenth of a cent?
STEP: Find the Unit Price
Coffee:
Cleaner:
Oranges:

11. 6-3 Unit Pricing
Example 2: A 53- ounce container of powdered ice tea mix costs $ Find the unit price per ounce rounded to the nearest cent.
Example 3: Trash bags sell for $ The box contains 42 trash bags. What is the unit price per trash bag?

12. 6-4 Comparison shopping
Comparing prices on goods to decided which product is the better buy
Formula
Unit Price =

13. 6-4 Comparison shopping
Example 1: Oatmeal is sold in 3 sizes. The price of an 18-ounce package is $ The price of a 42-ounce package is $ The price of a 112-ounce package is $ Based on price alone, which package is the best buy?
STEP 1: Find the unit price for each item.
18-ounce package
42-ounce package
112-ounce package
STEP 2: Find the best buy.
Compare:
Best buy

14. 6-5 Coupons and rebates Vocabulary: Formula: Coupons Rebates
Final Price = Total Selling Price – Total Savings

15. 6-5 Coupons and rebates
Example 1: Gus purchased a heavy-duty nailer for $ and a compressor for $ He had a coupon for $50 off. What is the final price of the items?
STEP: Find the Final Price.

16. 6-5 Coupons and rebates
Example 2: An air hockey table costs $349 at your local sporting goods store. You have a store coupon for $50 off any purchase of $200. What is the final price of the air hockey table?
Example 3: A can of shaving cream costs $ You have a coupon for $0.50 off. What is the final price?

17. 6-6 Markdown Vocabulary: Formula: Markdown Markdown rate
Markdown = Regular Selling Price – Sale Price
Markdown = Regular Selling Price x Markdown Rate

18. 6-6 Markdown
Example 1: Nora purchased a camcorder at a sale price of $ The regular selling price is $ What was the markdown?
STEP: Find the markdown.
Example 2: Furniture World has a special on oak furniture at 40% to 55% off the regular selling price. Chad purchased an oak table at 40% off the regulars price of $799. How much is the markdown?

19. 6-7 Sale Price Vocabulary Formulas: Sale Price
Sale Price = Regular Selling Price – Markdown
Sale Price = Percent Paid x Regular Selling Price
(If you use the second formula you need to know how much you are paying for an item.)
Percent Paid = 100% - Percent Off

20. 6-7 Sale Price
Example 1:Debrelee has a 25% off coupon and is purchasing a watch that has a regular price of $125. What is the sale price for the watch? What is the sale price using the percent paid method?
STEP 1: Find the markdown.
STEP 2: Find the sale price.
STEP 3: Find the percent paid.
STEP 4: Find the sale price.

21. 6-7 Sale Price
Example 2: a set of queen-size mattresses that regularly sells for $900 is on sale for 30% off. Find the sale price.
Example 3: a 241-piece set of mechanic’s tools sells for $225. The markdown rate is 40%. What is the sale price?