Guided Notes Tax Tip Discount Date Gratuity Tip

Guided Notes – Tax, Tip, Discount Date_____ Gratuity: (Tip) A percent earned by a person for providing a service The tip is a __________ OF your bill Step 1: __________ the percent by the bill to get the tip Step 2: ______ the answer to ______________ Example 1: You want to leave a 15% tip. If your meal costs $10, how much should you leave for a tip? How much did you spend altogether? Example 3: You want to leave a 15% tip. If your meal cost $10, how much did you spend altogether? Example 2: You want to leave a 20% tip. If your meal costs $15, how much should you leave for a tip? How much did you spend altogether? Example 4: Your bill at Bob Evans is $25. 00. If you want to leave 20% gratuity, what will be the total amount that you spent? Going Backwards (Finding the Bill): It may be helpful to set up a ______________. Example 1: Justin leaves a tip of $6, which was 20% of the cost of his meal. How much did his meal cost? Example 2: Eric’s family leaves a tip of $18, which was 15% of the cost of their bill. How much did their meal cost?

Sales Tax: A percent of a purchase charged by the government Tax is a __________ OF your purchase Step 1: __________ the percent by the purchase to get the tax Step 2: ______ the answer to ______________ Example 1: The sales tax is 6. 5%. If you buy a television for $500, what will your total price be? Step 1: Multiply the percent by your price (to get your tax) 6. 5% x 500 = ______ Step 2: Add tax to the original amount to get the total! 500 + _____ = $____ Total Price Example 3: Menu: Hamburger meal $8. 75 Drink $2. 50 You and your friend each order a hamburger meal and a drink. What is your total amount you will spend? Example 2: The sales tax is 7%. If you spent $60 on items, how much is your sales tax? Including tax, how much did you spend? Example 4: The bill for a family dinner was $49. 53. What is the bill with a 6. 5% tax? What is the total so far? What is the tax of the meal with a 6. 5% tax? Mr. Jones wants to leave about 15% of the bill as a tip. What is the tip? What is the final bill? What is the total amount he paid?

Guided Notes Markdowns: Date _______ To calculate discounts and/or multiple discounts: Step 1: __________ the percent by the purchase Step 2: ______ the answer from ______________ (Sometimes) Step 3: _______ the additional percentage by the new sale price (Sometimes) Step 4: _______ the additional discount by the new sale price Examples: 1. Find 30% off of a CD that cost $15. 3. A sweater is selling at a discount of 45%. The original price is 49. 60. What was the sale price of the sweater? 2. A stereo is $56. 80. It is marked as 15% off the original price. What is sale price? 4. Elise is buying two coats for her children. Margaret’s coat costs $40. 00 but is 25% off. Justin’s coat cost $34. 00 but is 10% off. Which coat is the better deal? If she buys them both, how much will she spend? (without tax) Discounts and Tax: 1) A pair of jeans that you want to buy costs 2) Aimee is decorating her new house. She $24. 00. The jeans are on sale for 15% off. Sales tax is 7% added to the price. What will the total be at the checkout? What is the discounted price? _____ What is 7% of the discounted price _______ What is your final total at checkout ____ found a table at Pier One for $425. If the table is 25% off and she has to pay a 6% tax, what will be her final price at checkout? What is the discounted price? ____ What is 6% of the discounted price? ______ What is your final total at checkout? ______

Multiple Discounts: 1) 2) 3) Extended Response Example: Going Backwards (finding the original price): It may be helpful to set up a ______________. Example 1: A TV is selling at a discount of 25%. The sale price is $609. 75. What was the original price of the TV? Example 2: A shirt is selling at a discount of 10%. The sale price is $27. 00. What was the original price of the TV?