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Application with Percents Discounted Sale Price and Sales Tax

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Warm up 1. A $179.00 chair is on sale for 30% off. How much can I save if I buy it now? 2. A school receives 56% of the total sale at the end of a fund-raiser. If a fund- raiser makes $564,000, how much money does the school receive?

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Discounted Sale Price To find the discounted sale price, you must go one step further than the warm up. Ex. A $74.00 chair is on sale for 25% off. How much will it cost if I buy it now? What is the difference between our example and the warm up question?

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Discounted Sale Price Step 1: Change 25% to a decimal 0.25 Step 2: ORIGINAL PRICE$74.00 x % DISCOUNTx 0.25 SAVINGS$18.50 Step 3: ORIGINAL PRICE$74.00 - SAVINGS - $18.50 SALE PRICE$55.50 1. A $74.00 chair is on sale for 25% off.

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Discounted Sale Price 2. Find the sale price of a pen that costs $1.50 that is discounted 20%. Step 1: Change 20% to a decimal 0.2 Step 2: ORIGINAL PRICE$1.50 x % DISCOUNTx 0.2 SAVINGS$0.30 Step 3: ORIGINAL PRICE$1.50 - SAVINGS - $0.30 SALE PRICE$1.20

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Discounted Sale Price – Your turn 3. A recliner regularly costs $325 and is on sale for 25% off. What is the sale price of the recliner? $243.75

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Discounted Sale Price – Last one 4. A $14 blanket is on sale for 10%. What is the new cost of the blanket? $12.60

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Sales Tax Sales tax is paid by the customer at the point of purchase. The tax amount is calculated by multiplying the rate of sales tax by the amount purchased. COST x % TAX SALES TAX

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Sales Tax Continued …. To find the total cost … COST + SALES TAX TOTAL COST

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Sales Tax Examples 1. Mary buys jeans at the mall for $42. The mall charges a sales tax of $7%. How much is the sales tax? What is the total cost? COST 42 COST42.00 x % TAX x.07 + SALES TAX + 2.94 SALES TAX $2.94 TOTAL COST$44.94

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Sales Tax 2. Bob purchased a truck for $17,495. The sales tax is 6%. How much is the sales tax? What is the total cost? Sales Tax: $1,049.70 Total: $18,544.70

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Sales Tax – Last one 3. Bob had the replace the tires on his new truck. The tires cost $105.80 for all 4. He also had to pay 10% sales tax. How much did he pay in sales tax. What was the total cost? Sales Tax: $10.58 Total Cost: $ 116.38

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