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Total Purchase Price pp. 234-236 6-2 SECTION

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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 14 6-2 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

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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 14 6-2 Total Purchase Price = Total Selling Price + Sales Tax Formula

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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 14 6-2 A store in Madison, Wisconsin, advertised Star Wars Monopoly for $24.95 and Star Wars Trivial Pursuit for $39.95. What is the sales tax if the combined state and city rate is 6 percent? What is the total purchase price? Example 1

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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 14 6-2 Find the total selling price. $24.95 + $39.95 = $64.90 Example 1 Answer: Step 1

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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 14 6-2 Find the sales tax. Total Selling Price × Sales Tax Rate $64.90 × 0.06 = 3.894 = $3.89 Example 1 Answer: Step 2

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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 14 6-2 Find the total purchase price. Total Selling Price + Sales Tax $64.90 + $3.89 = $68.79 Example 1 Answer: Step 3

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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 14 6-2 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

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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 14 6-2 $21.89 Practice 1 Answer

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235: #2-15

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