Money Concepts: Discounts & Sales Tax

Item Discount in dollars Sale price

Raincoat $30 x 50 = 1,500 $30 - $15 = $15

1,500 ​÷ 100 = $15
The discount is $15

Mittens 12 x 50 = 600 $12 - $6 = $6

600 ​÷ 100 = $6
The discount is $6

Skates 170 x 50 = 8500 $170 - $85 = $85

8500 ​÷ 100 = $85
The discount is $85

Scarf 15 x 50 = 750 $15 - $7.5 = $7.5

750 ​÷ 100 = $7.5
The discount is $7.5
Money Concepts: Discounts & Sales Tax
Calculate the discount and sale price. Show your work!

Item Discount (in dollars) Sale price

$40 pair of 40-4= 36

shoes 0.1 x 40 = 4

10% off

$15 movie 15 - 1.5 = 13.5

pass 0.1 x 15 = 1.5

10% off

$500 500 - 200 = 300

bicycle 0.40 x 500 = 200

40% off

$25 pair of
jeans 0.30 x 25 = 7.5 25 - 7.5 = 17.5

30% off

$70 video
game 0.15 x 70 = 10.5 70 - 10.5 = 59.5

15% off

$45 pair of
skates 0.25 x 45 = 10 45 - 10 = 35

25% off

$39.99
sweater 0.25 x 39.99 = 7.998 39.99 - 7.998 = 39.992
= 40
20% off

$179.99 ​wireless
headphones 0.50 x 179.99 = 89.995 179.99 - 89.995 = 89.995
= 90
50% off
 Money Concepts: Discounts & Sales Tax

Suppose that we want to buy a costume for Halloween which costs $30
a. How much would the tax be if the item costs $30 and tax is 13%?
- Change 13% into decimal: 13% = 0.13
- Multiply: (30)(0.13) = $3.90
- The sales tax on $30 is $3.90
b. How much are we paying in total?
- Sale price + tax = 30.00 + 3.90 = $33.90
- We are paying $33.90 in total

Item How much is 13% tax on this item? Total cost

Board game: $18 18 x 0.13= 2.34 18+2.34=20.34

Basketball: $15 15 x 0.13 = 1.95 15 + 1.95 = 16.95

Cell Phone plan: $60 60 x 0.13 = 7.8 60 + 7.8 = 67.8

Ski/Snowboard lift pass: $43 43 x 0.13 = 5.59 43 + 5.59 = 48.59

Video game: $74 74 x 0.13 = 9.62 74 + 9.62 = 83.62

Money Concepts: Discounts & Sales Tax
When an item is discounted, you must calculate the discount and then calculate the tax.
You previously calculated the sale price for mittens, ice skates and a scarf.
Now, add 13% sales tax to ​the sale price​ of each item.

Item Sale price (calculated on p1) Sales price with tax

Raincoat $15 15 x 0.13 = 1.95

15 + 1.95= 16.95

Mittens $6

Ice skates $85

Scarf $7.5

Total If you wanted to buy all of these items together, how much would it cost, with tax?