Wednesday, November 2, 2016

Sales Tax, Tips, and Markup

Dear Girls and Boys,
We are now working on some of the REAL WORLD examples of percents using Sales Tax, Tips and Markup.  You must be very familiar with sales tax if you have ever bought anything in a store.  The price on the tag is not the price you actually pay as a certain percent of money is added to most items you buy.  This money goes to the state or federal governments so they can spend money on needed projects.  Along with sales tax, tips are also a percent of money added to a meal that you eat at a restaurant. This payment is for good service and it goes to the waitress as part of her pay.  I bet you have seen your parents add a tip to their bills when you go out to eat.  Markup is what a store needs to add to the goods to make a profit that goes to expenses for the business.  So, this lesson is on money that is added on to the price of goods and the next one will be about money that you take off as in a sale! 


These are the State of Maine Champions for Soccer !  Some of the players on our team are, Kyle, Hunter, William, Eli, Thaddeus, Jacob, and Ben 

Homework:Read the blog, watch the videos and take notes in your graphic organizer. 
As always in MATH,
Mrs M 

2 comments:

  1. Thank you for sharing this information! This is very informative and helpful, as this can give us better insights in managing finance and tax planning. Would love to see more updates from you.

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  2. Thank you for sharing such informative, useful and helpful knowledge! This gave me some insights to do better. I would really love to see more updates from you.

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