Exploring Tax Tips: Discount and Markup Strategies

The video tutorial covers how to calculate percentages in various contexts, including tax, tip, discount, and markup. It explains the process of converting percentages to decimals and using multiplication to find parts of a number. Examples are provided for each type of calculation, demonstrating how to apply these concepts to real-world scenarios like shopping and dining.

What is the first step in finding 45% of 85?

• Subtract 45 from 85

• Convert 45% to a decimal

• Multiply 45 by 85

• Divide 45 by 85

If a tennis racket costs $69.50 and is on sale for 20% off, what is the discount amount?

• $13.90

• $15.00

• $12.50

• $14.00

After finding the discount amount, what is the next step to find the sale price?

• Divide the discount by the original price

• Subtract the discount from the original price

• Multiply the discount by the original price

• Add the discount to the original price

Samantha's hair salon bill is $65, and she wants to tip 15%. How much should she tip?

• $9.00

• $9.75

• $8.50

• $10.00

What is the total amount Samantha should pay including the tip?

• $75.00

• $74.75

• $73.50

• $70.00

If the sales tax rate is 5.5% and the item costs $34, what is the tax amount?

• $1.50

• $2.00

• $1.87

• $1.70

What is the total cost of the item including the tax?

• $35.50

• $34.87

• $36.00

• $35.87

If a store buys jeans for $35 and marks them up by 25%, what is the markup amount?

• $11.90

• $10.00

• $8.75

• $12.50

What is the new price of the jeans after a 25% markup?

• $48.00

• $47.00

• $46.90

• $45.00

If the store wants to make a 42% profit on jeans bought for $35, what is the new price?

• $49.70

• $50.00

• $48.50

• $47.90