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Sales Tax And Tip

Sales Tax And Tip

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Sales Tax And Tip. Sales tax. is determined by finding a certain percentage of a purchase price. It is added to your total bill when you make a purchase. tip. A is money given to someone to show appreciation for a service. - PowerPoint PPT Presentation

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Page 1: Sales Tax And Tip

Sales TaxAndTip

Page 2: Sales Tax And Tip

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

Page 3: Sales Tax And Tip

A is money given to someone to show appreciation

for a service.

tip

Page 4: Sales Tax And 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 .78

Step Three- Add the tax or tip to the price.

$15.50 + .78 = $16.28

Page 5: Sales Tax And Tip

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

Page 6: Sales Tax And Tip

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

Page 7: Sales Tax And Tip

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

Page 8: Sales Tax And Tip

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

Page 9: Sales Tax And Tip

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

Page 10: Sales Tax And Tip

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% = 1.045

Step Three- Multiply the price and the decimal.

$3.50 x 1.045 = $3.66

Page 11: Sales Tax And Tip

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

Page 12: Sales Tax And Tip

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

Page 13: Sales Tax And Tip

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

Page 14: Sales Tax And Tip

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

Page 15: Sales Tax And Tip

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