Question

2.3 tax, tip, markup and discount practice
name
date
directions: solve each problem below. round the nearest cent

1. original price: $35.95

discount: 45%
what is the sales price?

1. subtotal: $19.95

tip: 20%
what is the total?

1. ella bought a pair of shoes for $45.98. if the sales tax is 6%, how much will she pay in total?
2. the matty family went to olive garden for dinner. their meals cost a total of $67.25 and they want to leave a 25% tip. how much should the tip be?
3. malia buys a bag of chips for $1.75, two packs of gummy bears for $1.05 each, and two cans of sparkling water for $2.50 each. sales tax is 5%. how much will she pay in total, including tax?
4. original price: $14.99

markup: 140%
what is the markup amount?

1. original price: $17.97

sales tax: 5.5%
what is the amount of sales tax?

1. christian bought a sweatshirt that cost $76. there’s currently a 40% off sale. how much will he pay for the sweatshirt?
2. rosie is going to start a donut shop. it costs her $5 in supplies to make a dozen donuts. she wants to markup the price by 125%. how much should she sell a dozen donuts for?
3. a shoe distributor sells a pair of air force ones to footlocker for $35.80. footlocker sells the air force ones at a 45% markup. how much money will footlocker make from selling one pair of the shoes to a customer?

Explanation:

Step1: Calculate the discount amount for question 1

The discount amount is $35.95\times0.45 = 16.1775$.

Step2: Calculate the sales price for question 1

The sales price is $35.95 - 16.1775=\$19.7725\approx\$19.77$.

Step3: Calculate the tip amount for question 2

The tip amount is $19.95\times0.20 = 3.99$.

Step4: Calculate the total for question 2

The total is $19.95 + 3.99=\$23.94$.

Step5: Calculate the sales - tax amount for question 3

The sales - tax amount is $45.98\times0.06 = 2.7588$.

Step6: Calculate the total amount Ella pays for question 3

The total amount is $45.98+2.7588=\$48.7388\approx\$48.74$.

Step7: Calculate the tip amount for question 4

The tip amount is $67.25\times0.25 = 16.8125\approx\$16.81$.

Step8: Calculate the subtotal for question 5

The subtotal is $1.75+2\times1.05 + 2\times2.50=1.75 + 2.1+5=\$8.85$.

Step9: Calculate the sales - tax amount for question 5

The sales - tax amount is $8.85\times0.05 = 0.4425\approx\$0.44$.

Step10: Calculate the total amount Malia pays for question 5

The total amount is $8.85+0.44=\$9.29$.

Step11: Calculate the markup amount for question 6

The markup amount is $14.99\times1.40=\$20.986\approx\$20.99$.

Step12: Calculate the sales - tax amount for question 7

The sales - tax amount is $17.97\times0.055 = 0.98835\approx\$0.99$.

Step13: Calculate the discount amount for question 8

The discount amount is $76\times0.40 = 30.4$.

Step14: Calculate the price Christian pays for question 8

The price is $76 - 30.4=\$45.6$.

Step15: Calculate the markup amount for question 9

The markup amount is $5\times1.25=\$6.25$.

Step16: Calculate the selling price for question 9

The selling price is $5 + 6.25=\$11.25$.

Step17: Calculate the markup amount for question 10

The markup amount is $35.80\times0.45=\$16.11$.

Answer:

1. $\$19.77$
2. $\$23.94$
3. $\$48.74$
4. $\$16.81$
5. $\$9.29$
6. $\$20.99$
7. $\$0.99$
8. $\$45.6$
9. $\$11.25$
10. $\$16.11$