Percentages. Percentages - VAT 1. Valued Added Tax (VAT) is a tax that is charged at a rate of 17½ of an items initial cost. Calculate the VAT that is.

Slides:

Advertisements

Similar presentations

Which states have a sales tax rate closest to the Texas sales tax rate?

Advertisements

Find the amount of the markup.

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.

Lesson 7.6: Markup and Discount

Starter Questions Q1. True or false 2a (a – c + 4a) =2a 2 -2ac + 8a Q3. Q2. Find the missing angle 22 o.

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

Percentages Objectives: D GradeIncrease or decrease a quantity by a given percentage C GradeWork out a percentage increase or decrease Prior knowledge:

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

Do Now What number is 12% of 350? 21 is what percent of 40?

adjectives as you can think of that describes that word.

Percentages (%) % Means out of 100. So 20% is the same as; 20 parts out of 100, or 20p in the £

Calculations with Significant Figures

Why Businesses Use Markup?

Discounts, Sales Tax and Tip. What would the sale price be for a pair of pants that cost $48.00 after a 30% discount is given? Step 1: change the % into.

Bell Work: Tax and Tip! Your bill is $ What is your total after you leave a 20% tip and pay 5% tax? Method 2 Multiply the price by 125% since.

Making Sense of Markups

Find the discount/markup first then find the & new price. 1)$6 shirt 20% off _______ _______ 2)$65 shoes 15% off _______ _______ 3)$80 tickets 40% markup.

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

Warm ups: Eric bought a pair of shoes originally priced at $95 for 45% off. He paid $52.25 not including tax. Which equation shows how Eric.

Session 4 –Percentages and Money (calculator). Adding and Subtracting Fractions  Fractions mush have the same denominator in order to add or subtract.

The percent of a quantity increases or decreases from its original amount. To find the percent of change, use these two steps. Step 1: Subtract to find.

Produced by MEI on behalf of OCR © OCR 2013 Introduction to Quantitative Methods Percentage change.

Percentage Change OCR Module 8. Change? An Increase A Decrease.

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

Bell Work Movie tickets used to cost $5, now cost $7. Find the percent of change. A percent of change tells how much a quantity has increased or decreased.

Lesson 3- using rules of exponents The exponent, tells the number of times that the base is used as a factor 2 3 is defined as 2 times 2 times 2.

Algebra 1 Notes 3.7 Percent of Change.

UNIT E SELLING FASHION 5.03 Perform various mathematical calculations in retail sales.

Section 3.9 Percents Mr. Beltz & Mr. Sparks. Ratio A PERCENT is a ratio that compares a number to 100. You can write a percent as a FRACTION, DECIMAL,

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

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.

Learning about Using Inverse Operations for finding the original price after a percentage increase or decrease.

Tax, tip, and Markup Notes and examples.

1. 2 Sales tax is calculated by finding the percent of the total purchase.

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

Whiteboardmaths.com © 2004 All rights reserved

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.

NS1.6 Calculate the percentage of increase and decrease of a quantity.

Adding and Subtracting Percents

Why Businesses Use Markup? Why the markup? ◦ Cover businesses operating expenses ◦ Cover Business Taxes ◦ Make a profit.

Percent of Change. Objective: To find the sale price of various items. To use the percent of change formula to find discount.

PERCENTAGES 2. Expressing one quantity as a percentage of a second quantity To write one quantity as a percentage of a second quantity: 1.Write the first.

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.

Chapter 8 Percentages. Learning Objectives Write a percentage as a fraction in its simplest form Change a percentage to a decimal Change a decimal to.

EXAMPLE 1 Finding a Sale Price Clothing You buy a pair of jeans that is 30% off the original price of $29. What is the sale price? STEP 1 Find the amount.

3.3 Markup and Markdown How can you rewrite expressions to help you solve markup and markdown problems?

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.

Lesson 8.3B: Markup and Discount Change each percent into a decimal  5.5%  10.24%  29% .1%  1%  50%  5%    0.29   0.01.

Part 2 Significant Figures with Calculations

Bell Work From 5 to = 5 40% increase

Calculating Percent Change

Tax, Tip, Commission SB 11-2 Pages

Lesson 7.6: Markup and Discount

Ratios and Percents RP. 3..

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

Percent Applications Project

Bellwork A pass at a water park is $58 at the beginning of the season. The cost of the pass decreases each month. 1. Each month 10% is taken off the.

Discounts, Coupons and Sales

TOPIC: Significant Figures in calculations AIM: How do we add, subtract, multiply and divide measurement in significant figures? DO NOW: ( 5.

Percents and Decimals Objective:

Finding Discount Objective: Students will calculate percentages and find the amount of discount.

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

Calculating: Discount Prices

It’s the middle of the week!

Assignment 6.9A: 1 – 10, 18, 19.

Percentages Find 35% of 200 Find 5% of 80 Increase 120 by 15%

Sales Tax, Tips, Discounts

Presentation transcript:

Percentages

Percentages - VAT 1. Valued Added Tax (VAT) is a tax that is charged at a rate of 17½ of an items initial cost. Calculate the VAT that is charged on an item with an initial cost of £120 17½% = 10% + 5% + 2½ 10% of 120 = 12 5% of 120 = 6 2½% of 120 = 3 17½% of £120 = = £21

Percentages – Increase and Decrease 2. Calculate the percentage change when: a.Bill’s weekly wages increase from £210 to £250 b.The price of house is reduced from £ to £ a.Percentage Change = (new – old) ÷ old x 100  (250 – 210) ÷ 210 x 100 = 19% b) ( – ) ÷ x 100 = -8.2% The minus sign means that it is a decrease – a reduction of 8.2%

3. The total number of students at a school is 1280 and 164 of the students are in Year 7. Express 164 as a percentage of 1280 Give your answer correct to 2 significant figures. 164/1280 as a decimal is As a percentage = 13% to 2 s.f.

In a sale, normal prices are reduced by 15%. Calculate the sale price of a shirt that had an normal price £ Change 15% into a decimal  0.15 Subtract this from 1  1 – 0.15 = x 0.85 = £10.84

In a sale, normal prices are reduced by 35%. The sale price of a TV is £150. Calculate its normal price. Normal Price x 0.65 = 150 Normal Price = 150 ÷ 0.65 Normal Price = £230.76

In 2004, the population of the European Community was 376 million. By 2005, the population of the European Community was 451 million. Work out the percentage increase in population. Give your answer correct to 1 decimal place. Percent Increase = (new – old) ÷ old x 100 Percent Increase = (451 – 376) ÷ 376 x 100 Percentage Increase = 19.9%

Martin buys a watch for £24. He sells the watch and makes a profit of 15%. Work out how much he sells the watch for. To find an increase of 15% Change 15% into a decimal  x 0.15 Add this onto one  1.15 Multiply by this number 24 x 1.15 = £27.60