Tax, Tip, and Discounts-OH MY! 7th Grade Project Mrs. Egbert Part I-Tax and Tip Get a menu from a restaurant you go to. You may either get a take out menu, which are usually available at the counter of most restaurants, or you may search for a menu online. Pretend you and your family are going to eat at this restaurant. What is each person going to order? Make a detailed list of all orders and their prices. Follow the example below: Person 1 Order Diet Coke French Onion Soup Chicken Caesar Salad Apple Pie Coffee Cost $1.99 $4.95 $8.95 $2.99 $1.50 Calculate the total cost of your bill. You may either do the calculations by hand or you may use Microsoft excel. We will be going to the computer lab on October 21st. I will show you how to enter the data in Excel and use formulas, but you must have your information before then (see Rubric) Next calculate the tax you would pay on your bill based on the 7% New Jersey sales tax. You would also like to leave the waiter or waitress a 20% tip. Calculate the cost of the tip you are going to leave. Calculate the total cost of your bill with tax and tip. Part II-Discounts Find an item (clothing, electronics, toys, etc.) you would really like to buy. The item should be greater than $20 You may either look through a catalog, online store, newspaper circular, etc. You will need to bring proof of the item in with your project. Pretend the item will be on sale for 30% off the original price; calculate the discount. Calculate how much you will pay for the item once the discount is applied. Let’s say this item is bought in New York where the tax on most items including clothing (there is no tax on clothing in New Jersey) is 8.5%. Calculate the cost of the item with tax. You are planning to buy this item by yourself, you have $5 saved, and you will receive $5 a week in allowance. Write an equation that will help you determine how many weeks you will need to save for this item. Tax, Tip, and Discounts-OH MY! 7th Grade Project-Rubric Mrs. Egbert Due Date _____________________________ Equivalent to 1 Test Grade All materials (menu, item you want to buy, handwritten or typed list of your family’s restaurant order) are bought to class on October 21st Restaurant order is calculated correctly Tax on restaurant order is calculated correctly Tip on restaurant order is calculated correctly (5 pts) ___________ Total bill is calculated correctly (10 pts) __________ Item discount is calculated correctly (5 pts) ___________ Sales price is calculated correctly Tax on item is calculated correctly (5 pts) ___________ Total price of item is calculated correctly (10 pts) ___________ Equation is written correctly (10 pts) __________ All materials are submitted with the project (10 pts) ___________ Project is neat and organized (10 pts) ___________ Total Points Earned Comments: (20 pts) _____________ (5 pts) ____________ (5 pts) ____________ (5 pts) ___________ ________________ Name ______________________ Block ______________________ Date _______________________ Tax, Tips, and Discounts-OH MY! Project Part I Name of Restaurant _____________________________________________________________ Customer Order Attach additional paper if more space is needed Total Cost of Meal _____________________________ Tax on Bill Calculations: Tax on Bill ___________________________________ Price Tip Calculations: Tip Amount ___________________________ Total Cost of Bill Calculations: Total Cost of Bill _____________________________ Part II Item you are planning to buy ___________________________________________________ Discount Calculations: Discount ________________________________ Sale Price Calculations: Sale Price _______________________________ Sale’s Tax Calculations: Sale’s Tax __________________________________ Total Cost of Item Calculations: Total Cost of Item ___________________________ Equation:
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