Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©

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Total Purchase Price pp SECTION

Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 2 of sales receipt (p. 234) Proof of purchase of a good or service from a store. total purchase price (p. 234) The selling price of an item plus the sales tax. Key Words to Know

Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 3 of Total Purchase Price = Total Selling Price + Sales Tax Formula

Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 4 of A store in Madison, Wisconsin, advertised Star Wars Monopoly for $24.95 and Star Wars Trivial Pursuit for $ What is the sales tax if the combined state and city rate is 6 percent? What is the total purchase price? Example 1

Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 5 of Find the total selling price. $ $39.95 = $64.90 Example 1 Answer: Step 1

Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 6 of Find the sales tax. Total Selling Price × Sales Tax Rate $64.90 × 0.06 = = $3.89 Example 1 Answer: Step 2

Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 7 of Find the total purchase price. Total Selling Price + Sales Tax $ $3.89 = $68.79 Example 1 Answer: Step 3

Click to edit Master text styles Second level Third level Fourth level Fifth level 8 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 8 of Chuck Bartowski buys 4 packages of alkaline batteries for $1.99 each, a bottle of sunscreen for $5.96, 2 boxes of adhesive bandages for $2.56, and a tube of toothpaste for $1.76. The combined state and city sales tax rate is 5.25 percent. What is the total purchase price? Practice 1

Click to edit Master text styles Second level Third level Fourth level Fifth level 9 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 9 of $21.89 Practice 1 Answer

235: #2-15