student handout: unit 1 lesson 2\npart a: sales tax\nnow that you have worked for some money, you might want…

student handout: unit 1 lesson 2\npart a: sales tax\nnow that you have worked for some money, you might want to spend some! but the purchase price of an item is not exactly what you end up paying. here are two reasons:\n*sales tax is added to the cost of most items (not food).\n*a discount can be subtracted from the purchase price if you find an item on sale.\nsales tax is money paid to the government, calculated as a percent.\ntotal paid = 100% purchase price + 13% of purchase price for sales tax\n= purchase price x (100% +13%)\n= purchase price x (1 +.13)\n= purchase price x 1.13\n1. example: find the sales tax and the total paid for a purchase of $60.00\nsales tax = $60 x 13%\n= 60 x.13\n=$7.80\ntotal paid = $60 x 1.13\n=$67.80\n2. calculate the sales tax and the total paid. then fill in the sales receipt.\nthe jean store\n45 main street east\nanytown, ontario\npurchase price\n1 - lefitscha jean 34.99\nsales tax\ntotal paid\n15/07/06\npaid by mastercard\n4502 3434 6543 xxxx\nshow your work.\nsales tax =\ntotal paid =\nremember, money has two decimal places\nexplain another way to find total paid.

student handout: unit 1 lesson 2\npart a: sales tax\nnow that you have worked for some money, you might want to spend some! but the purchase price of an item is not exactly what you end up paying. here are two reasons:\n*sales tax is added to the cost of most items (not food).\n*a discount can be subtracted from the purchase price if you find an item on sale.\nsales tax is money paid to the government, calculated as a percent.\ntotal paid = 100% purchase price + 13% of purchase price for sales tax\n= purchase price x (100% +13%)\n= purchase price x (1 +.13)\n= purchase price x 1.13\n1. example: find the sales tax and the total paid for a purchase of $60.00\nsales tax = $60 x 13%\n= 60 x.13\n=$7.80\ntotal paid = $60 x 1.13\n=$67.80\n2. calculate the sales tax and the total paid. then fill in the sales receipt.\nthe jean store\n45 main street east\nanytown, ontario\npurchase price\n1 - lefitscha jean 34.99\nsales tax\ntotal paid\n15/07/06\npaid by mastercard\n4502 3434 6543 xxxx\nshow your work.\nsales tax =\ntotal paid =\nremember, money has two decimal places\nexplain another way to find total paid.

Answer

Explanation:

Step1: Calculate sales tax

Multiply purchase - price by tax rate. $34.99\times0.13 = 4.5487\approx4.55$

Step2: Calculate total paid

Add sales - tax to purchase price. $34.99 + 4.55=39.54$

Answer:

Sales Tax = $4.55 Total Paid = $39.54

Another way to find Total Paid is to first find the amount of sales tax as above ($34.99\times0.13 = 4.5487\approx4.55$) and then add it to the purchase price. Mathematically, we can also use the formula Total Paid=Purchase price×(1 + tax rate), so $34.99\times(1 + 0.13)=34.99\times1.13 = 39.5387\approx39.54$.