discounts, sales tax, tips discounts example: regular price = $10 discount = 20% step 1 change the...

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DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular Price by the discount that is now a decimal: Discount: Step 3 Subtract the discount from the regular price:

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Page 1: DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular

DISCOUNTS, SALES TAX, TIPSDISCOUNTSExample:

Regular Price = $10 Discount = 20%

Step 1 Change the percentage to a decimal

Step 2 Multiply the Regular Price by the discount that is now a decimal:

Discount:

Step 3 Subtract the discount from the regular price:

Page 2: DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular

SALES TAX Example:

Regular Price $349Sales Tax: 5%

STEP 1 Find the sales tax by using the same methods as finding a discount.

Change percent to Decimal:

Multiply regular price by the sales tax as a decimal:

SALES TAX:STEP 2: Add the Sales tax to the Regular Price.

• *If the item is a NECESSITY (Food and Clothes) then there is no Sales Tax*

Page 3: DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular

TIPPINGExample:

Price of the Bill: $42.00

Tip Percentage: 18%

Step 1 Find the TIP first using the same methods as finding a discount and sales tax.

• Change percent to decimal:

• Multiply decimal by the Price of the Bill:

TIP:

STEP 2: Add the tip to the Price of the Bill.

* The tip is normally a percentage of the pre-tax amount of the bill*

Page 4: DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular

Purchase Price %Discount Discount Sale Price

$2 9% $ $

$12 30% $ $

$45 5% $ $

$50 59% $ $

$36 53% $ $

Page 5: DISCOUNTS, SALES TAX, TIPS DISCOUNTS Example: Regular Price = $10 Discount = 20% Step 1 Change the percentage to a decimal Step 2 Multiply the Regular

Purchase Price % Sales Tax Sales tax Price with sales Tax

$59 5% $ $

$79 6% $ $

$65 7.5% $ $