Definitions

Tax,Tip,Discount,And Markup

(cc) photo by Metro Centric on Flickr

(cc) photo by Franco Folini on Flickr

(cc) photo by jimmyharris on Flickr

(cc) photo by Metro Centric on Flickr

Tax

Tip

1st step

Tax

original price * % (as a decimal)

= amount of tax

amount of tax + original price

= final price

Discount

Markup

original price * % (as a decimal)

= amount of tip

amount of tip + original price

= final price

6% sales tax on one 13 inch television that cost $60

What is the sales tax?

$3.60

0.06 * 60

6/100 * 60

2nd Step

Answer

Discount - A deduction from the usual cost of something

Tax - a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc

Markup - The amount added to the cost price of goods to cover overhead and profit.

Tip - a sum of money given to someone as a way of rewarding them for their services

Percent- a specified amount in every hundred

Lets try some problems

1st step

2nd step

Last step

Tip

1st step

Answer

Last step

Discount

(cc) image by nuonsolarteam on Flickr

1st step

Answer

Last step

Markup

(cc) image by nuonsolarteam on Flickr

You buy $20 worth of food at a restaurant tax included and you wish to tip 10% how much tip should you leave, and what is the total cost of everything after tip

$20 * 10/100

Answer

20 * .10

2

Tip

Total cost

$2

$22

an item that originally cost $20 is discounted by 25% find the amount of discount

$5.oo

$20.00*25/100

20.00 * .25

A chair that sold for $65 is marked up to $70.20 What is the percent of the markup?

original price * % (as a decimal)

= amount of discount

original price - amount of discount

= final price

final price - beginning price

/ beginning price

= markup rate in % form

8%

5.20 / 65

70.20

- 65.00

to change a decimal into a percent move the decimal point 2 spaces to the left

to change a percent into a decimal divide the number by 100

Greatest Super Hero

Jamon

Important

Details

try these

**Tom the mad scientist**

**Tama is the**

#1

Teacher

#1

Teacher

Sources

Tom the mad scientist - http://prezi.com/dpqe5z-tpuqb/academy-inserting-animations-in-prezi/

Batman, Jamon, and other figures - http://prezi.com/dpqe5z-tpuqb/academy-inserting-animations-in-prezi/

Quiz

http://teachers.henrico.k12.va.us/math/ms/c30708/02Computation/2_2/8032HW1.pdf

http://teachers.sduhsd.net/mlewis1/syllabus_files/PA7/Chapter%209/PA7%20Worksheet-discounts_mark-ups%203.pdf

trash can -http://www.songwritingscene.com/wp-content/uploads/2012/02/iStock_000012357961XSmall-300x300.jpg

crumpled up paper-http://1.bp.blogspot.com/-9OkzmPxwZRQ/Taw0mXZOfyI/AAAAAAAAEEk/-96rhs-y2GQ/s1600/CRUMPLED+PAPER.jpg

Original price of an MP3 player: $99.50

Tax: 4%

Cost of an MP3 player: $129.50

Markup: 60%

Find the final price

You will come in and sit down if not quiet in 2 min your seats will be changed

Rules

Raise your hand if you have a question

Dont talk when Tama or Dong are speaking

Respect

Use indoor voices

Taxes Brainpop Video

http://www.brainpop.com/math/ratioproportionandpercent/taxes/

Sources

Brain Pop video

http://www.brainpop.com/math/ratioproportionandpercent/taxes/

for paying attention