December 02, 2014
December 3, 2014
1- fill in your planner
2- Get out a calculator and your math book
3- Lesson 2-6 Tax,Tips and Mark-ups
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If I find these shoes for the same price in Stark
County, what will the total cost be, including
tax?
December 02, 2014
If I find these shoes for the same price in Stark
County, what will the total cost be, including
tax?
93.15 x 1.065 = 99.20475
$99.20
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58 x 1.20 = 69.6
43 x 1.18 = 50.74
1500 x 1.07 = 1605
46 x 1.029 = 47.334
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1.15 x $10 = 11.5 markup
$10 + $11.50 = $21.50
$21.50 x1.055 = 22.6825
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December 02, 2014
The Leather Depot buys a coat from a
supplier for $90. The coat is then marked
up by 40%. If the retail price, with tax
included, is $134.82, what is the sales tax?
What is the sales tax rate?
December 02, 2014
The Leather Depot buys a coat from a
supplier for $90. The coat is then marked
up by 40%. If the retail price, with tax
included, is $134.82, what is the sales tax?
What is the sales tax rate?
$8.82, 7%
0.40 x $90 = $36 markup
$90 + 36 = $126 price
$134.82 - $126 = $8.82 tax
$8.82 divided by $126 = 0.07
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December 02, 2014
Matthew bought an item in stark
county and paid $87.86. What
was the sale price before tax was
applied?
December 02, 2014
Matthew bought an item in stark
county and paid $87.86. What
was the sale price before tax was
applied?
$82.50
106.5% of what price is $87.86
1.065 x
n
= 87.86
87.86 divided by 1.065 = 82.4976525822
December 02, 2014
An engagement ring and wedding band were purchased wholesale for $2500. The jeweler then sold the set for $7000. What was the percent markup? 180%
7000 - 2500 = 4500 markup
4500 divided by 2500(original price) = 1.8
December 02, 2014