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Some of the questions in this unit may be answered by recording an audio file. If you chose to record the answer, click on the "Add Recording" button and follow the on-screen instructions closely. Once you have completed and attached the recording, enter the word “COMPLETE” in the text box. (Note: If your computer does not have a built-in microphone, a microphone or microphone/headset combination is needed to record audio.) |
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| 2) Sara bought a shirt for $19.99, jeans for $29.99, and a pair of shoes for $59.95. Sales tax on clothes is 6%. (a) What was the cost of the total purchase? (b) What was the sales tax on the purchase? (c) What was the final cost of the purchase? Round the answers to the nearest cent. |
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| Refer to the following scenario and the table below to solve the next four problems: Karen is single and earned a total of $85,968 in 2005. However, she was able to deduct $8,500 for job related expenses. This amount is to be subtracted from her total income to determine the taxable income. |
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| 11)
Daniel earns a weekly salary of $300 plus 7% commission on sales over $5,000. If his sales for one week totaled $10,215, what was his total earnings for the week? Explain how to solve the problem. |
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| Discounts and Sale Prices |
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| 15) What is the discount and sale price of the sofa? |
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| 16) What is the discount and sale price of the truck? |
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| Activity: Copy or print out (right-click / print) the table below. Find the sale price for each listed amount, and then fill in the Sale Price column. One method commonly used by many people is to compute the discount first, and then subtract to find the sale price. There is another way! Look over the completed Sale Price column. Try to devise another way to find the sale price by simply multiplying the original price by a percent that gives the sale price. (Hint: If an item is on sale for 10% off, then the sale price would be 90% of the original price.) Complete the second One-Step Percent Multiplier column. Refer to the completed table to answer the next three questions. |
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| 17) What is the sale price for each discount rate, a through e? State the letter, and then the amount. |
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| 18) What is the one-step percent multiplier that will determine the sale price for each amount, f through k? State the letter, and then the amount. |
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| 19) True or False. The sale price of an item can be determined by adding the discount rate to 100%, and then multiplying that percent times the original price. |
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| 23) Give a reason why the sale price of the jeans in the previous problem is not the same as the original wholesale price even though they were marked up 30%, then marked down 30%. |
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| Print out (right-click / print) or copy the following chart as many times as needed to solve the next three problems. |
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| 33) Look over the investment plans of both Kim and Kelsey in the previous two problems. Which person made the better investment decision and why? No neutral responses will be accepted even though both girls increased their investments by about the same amounts. |
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| 34) If you were directed by your school to complete Offline Activities for this course, please enter the information on the Log Entry form. |
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| No offline activities found |
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