Sales Tax and Tip SWBAT calculate sales tax and total cost; read and use a tax table; calculate a...
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Transcript of Sales Tax and Tip SWBAT calculate sales tax and total cost; read and use a tax table; calculate a...
Sales Tax and TipSales Tax and TipSWBAT calculate sales tax and SWBAT calculate sales tax and total cost; read and use a tax total cost; read and use a tax
table; calculate a tip and total costtable; calculate a tip and total cost
DefinitionsDefinitions
Sales tax Sales tax The amount of tax added to the cost of an itemThe amount of tax added to the cost of an item
Marked price Marked price The price of the item before taxes are added The price of the item before taxes are added
Rate Rate Ratio of the amount of sales tax to the marked price Ratio of the amount of sales tax to the marked price
expressed as a percentexpressed as a percent
Total cost Total cost The sum of an items marked price and sales tax The sum of an items marked price and sales tax
ThinkThink
Miss Brougham wants to buy an iphone. Miss Brougham wants to buy an iphone. AT&T is offering a deal for $99. If sales AT&T is offering a deal for $99. If sales tax in New Jersey is 7%, how much will tax in New Jersey is 7%, how much will the phone cost her all together?the phone cost her all together?
ExamplesExamples
A $450 rug with a 5.5% sales taxA $450 rug with a 5.5% sales taxA $926 dresser with a 3.5% sales taxA $926 dresser with a 3.5% sales taxA $48.75 meal with a 10% tipA $48.75 meal with a 10% tipA $31 food delivery with a tip of 5%A $31 food delivery with a tip of 5%A $39.85 dinner with a 20% tipA $39.85 dinner with a 20% tipA $9.75 taxi ride with a 15% tipA $9.75 taxi ride with a 15% tip
With a partnerWith a partner
Create a tip chart using the given paper.Create a tip chart using the given paper. Come check your answers when you are Come check your answers when you are
complete.complete.