Section 10 Tax Tip Discount Markup.notebook
Bellringer:
Find the percent of increase or decrease.
1) original amount: $65
new amount : $80
2) original weight : 125 lbs
new weight : 112 lbs
January 24, 2013
Section 10 Tax Tip Discount Markup.notebook
Unit 3
Tax, Tip, Discount & Markup
January 24, 2013
Section 10 Tax Tip Discount Markup.notebook
January 24, 2013
Tax Examples:
1) Mrs. Majewski goes to Babies "R" Us and her total bill comes to be $55.50. There is a 6% sales tax at the store. How much tax will she pay on her baby purchases?
2) Aleiyah goes to the Montgomery Mall and spends $139.00. She paid 7% sales tax on her total purchases. How much money did Aleiyah spend at her shopping spree at the Mall?
Section 10 Tax Tip Discount Markup.notebook
January 24, 2013
Tip Examples:
1) You and your friends go to Friendly's. The total bill comes to $45.90. You want to leave a 20% tip. How much tip should you leave?
2) Chris and Adam go to Chili's for lunch. The meal comes to $25.50. They leave an 18% tip. What is the total bill that Chris and Adam must pay?
Section 10 Tax Tip Discount Markup.notebook
January 24, 2013
Discount and Markup Examples:
1) Ilce went to Kohl's and saw that shirts were on sale for 25% off. She picked out a shirt that was originally listed at $30.99. What would Ilce pay as the sale price?
2) Nicole was shopping at Target and saw a skirt she liked that cost $17.00. One week later she went back to buy the skirt and it was marked up 15%. How much does the skirt cost now?
Section 10 Tax Tip Discount Markup.notebook
January 24, 2013
Challenge
A storeowner buys a case of 144 pens for $28.80. Tax and shipping cost an additional $8.64. He sells the pens for $.59 each. a. What is the markup per pen?
b. What is the percent of markup?