sales tax and tip powerpoint
DESCRIPTION
TRANSCRIPT
Sales TaxAndTip
is determined by finding a certain percentage of a purchase price. It is added to your total bill when you make
a purchase.
Sales tax
A is money given to someone to show appreciation
for a service.
tip
Calculating Sales Tax and Tip – Method One
Step One- Convert the percent to a decimal. 5% = .05
Figure out your total bill, if you buy a CD for $15.50 with a sales tax of 5%.
Step Two – Multiply the price and the decimal. $15.50 x .05 = .775 round to .78Step Three- Add the tax or tip to the price. $15.50 + .78 = $16.28
Lindsey went to Best Buy and bought an MP3 Player. If the MP3 Player costs $78.99 and the
sales tax was 6.5%, what was her total bill?
Step One- 6.5% = .065
Step Two – $78.99 x .065 = $5.13
Step Three- $78.99 + $5.13 = $84.12
Karlie at lunch with her friends at Salsa. They had a delicious meal that cost $21.23. If they tipped
their waitress 18%, what was their total bill?
Step One- 18% = . 18
Step Two – $21.23 x .18 = $3.82
Step Three- $21.23 + $3.82 = $25.05
Shayna and Samantha went to Patrick Henry Mall. Shayna bought some earrings for $9.95. If the tax
was 5.5%, what was her total bill?
Step One- 5.5% = .055
Step Two – $9.95 x .055 = .55
Step Three- $9.95 + .55 = $10.50
Danielle ate dinner with her family at Ruby Tuesdays. Their bill came to $34.20. If they left a
19% tip, how much was their total bill?
Step One- 19% = .19
Step Two – $34.20 x .19 = $6.50
Step Three- $34.20 + $6.50 = $40.70
Chastin went to Walmart to buy a new video game. The game costs $51.49 and the tax was
5.5%. What was his total bill?
Step One- 5.5% = .055
Step Two – $51.49 x .055 = $2.83
Step Three- $51.49 + $2.83 = $54.32
Calculating Sales Tax and Tip – Method Two
Step One- Add the percent and 100%. 100% + 4.5% = 104.5%
Figure out your total bill, if you buy a latte for $3.50 with a sales tax of 4.5%.
Step Two – Convert the percent to a decimal. 104.5% = 1.045Step Three- Multiply the price and the decimal. $3.50 x 1.045 = $3.66
Gene bought a new SUV for $23,999. If the tax was 5.5%, what was the total cost for his new
vehicle?
Step One- 100% + 5.5% = 105.5%
Step Two – 105.5% = 1.055
Step Three- $23,999 x 1.055 = $25,318.95
Morgan bought a new flat screen television for $1,299. The sales tax was 8%. How much did
Morgan spend in all?
Step One- 100% + 8% = 108%
Step Two – 108% = 1.08
Step Three- $1,299 x 1.08 = $1402.92
Jordan purchased a new dirt bike. It costs $5500 with 8% sales tax? How much did he spend on his
new toy?
Step One- 100% + 8% = 108%
Step Two – 108% = 1.08
Step Three- $5,500 x 1.08 = $5,940
Sharice and her family had a lovely dinner at Olivia’s restaurant. Their bill came to $71.20.
They left their waitress a 17% tip. How much was their total bill, including the tip?
Step One- 100% + 17% = 117%
Step Two – 117% = 1.17
Step Three- $71.20 x 1.17 = $83.30
Colin bought 3 candy bars at Ollie’s for $1.64. If the sales tax was 7.5%, what was his total bill?
Step One- 100% + 7.5% = 107.5%
Step Two – 107.5% = 1.075
Step Three- $1.64 x 1.075 = $ 1.76