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I CAN find the discount and sale price of an item and find the tax and total price of an item after taxes.

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Presentation on theme: "I CAN find the discount and sale price of an item and find the tax and total price of an item after taxes."— Presentation transcript:

1 I CAN find the discount and sale price of an item and find the tax and total price of an item after taxes.

2  First find out what tax rate you will be paying.  In each state the sales tax varies.  Convert your percentage to a decimal by moving your decimal two spaces to the left. Ex. 6% = 0.06 (Don’t forget to add a zero)  Multiply the decimal form of the tax rate by the price of the item you are purchasing. Ex. 0.06 x $ cost of the item

3  So if an item costs $5.00  Sales tax is 6%  Convert 6% to 0.06  So.06 x $5 = $0.31  The sales tax is $0.31  But the total price of the item is $5.00 + $0.31 = $5.31

4 1. Find out the % of the discount. Convert the % to a decimal. 2. Multiply the decimal by the original price. 3. Take the answer in step 2 and subtract it from the original price. Example 1)Discount 20% =.20, 2)$10 x.20 = $2.00 3) $10.00 - $2.00 = $8.00

5 Tax JurisdictionSales Tax North Carolina State Sales Tax 4.75% New Hanover County Sales Tax 2.25% Combined Sales Tax7.00% NORTH CAROLINA Sales Tax

6  1. How much would you spend on taxes for this shirt?  $.60  2. What would be the total cost of this shirt?  $10.60

7 3. What will the sales tax be if you purchase this item? $2.70 4. What will the total price be if you purchase this item? $47.70

8  5. What will be the total of the state sales tax?  $4.04  6. What will be the total price of the MP3 Player after the state tax of 8.25% is applied?  $53.04 Tax rate 8.25%

9 Ndamukong Suh Jersey $89

10  The Discount is 25%  9. What is the discount amount?  $ 50.00  10. What is the price after the discount?  $149.99  11. What is the price after the discount and after taxes?  $158.99

11 TThe tax rate is 4% 112. What is the tax? $$ 9.20 113. What is the total price after taxes? $$239.19


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