Business Math Day 7 Sales Price

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Welcome to rope's Business Apprenticeship Professional INSTITUTE:

Welcome to rope's Business Apprenticeship Professional INSTITUTE Business Math Session 7 Section 1 Sales Price

PowerPoint Presentation:

Objective: To familiarize the student with the use of mathematic calculations for solving common business problems Duration: The session shall take approximately 45 minutes to complete. Navigation: Please review the navigation information on the next slide since it is extremely important to know how to move around the course. Again Welcome

Navigation:

There are three navigational features on each slide and they can be found by passing your arrow over the lower left segment of the slide. Forward arrow – Advances to the next slide Back Arrow – Goes back to the previous slide Pause - Allows you to either pause the slide or play it forward again Selection- Allows you to select which slide you want to go to Navigation

SOURCE MATERIAL:

All source material for the course is taken from The Money instructor.com . ROPE acknowledges their lawful ownership. This material will be used like a textbook and it’s content will be taught by a certified BAPI instructor. None of the material will be resold for profit. SOURCE MATERIAL

Please Take notes:

Please Take notes If you do not have paper and pencil please stop the video and obtain some now. It is extremely important that you take very good notes. If you are ready Let’s get started

Sales price:

Sales price Calculating a Sales Price To calculate a sales price, you first have to calculate the amount of a discount. Do you remember how to calculate a discount? If you know the original price of an object and the % of the discount, then you can calculate the discount off of the original price. Let’s look at an example.

Sales price Example:

Sales price Example Example: John is buying a new guitar. The original price is $65.00. It has been marked 15% off. What is the amount of the discount? To work on this problem, we can write this another way. What is 15% of 65? Next, we need to write an equation. “What is” becomes x = 15% becomes a decimal .15 “of” means to multiply

Sales price Example (Cont.):

Sales price Example (Cont.) Now we can write an equation. x = (.15)(65) x = 9.75 The amount of the discount is $9.75. Our next step is to use that discount to calculate the actual sales price or the price that John ended up paying for the guitar.

Sales price Example (Cont.):

Sales price Example (Cont.) To do this, we need to take the discount and subtract it from the original price. Example $65.00 - $9.75 = $55.25 John spent $55.25 for his new guitar. Here are the steps to figuring out a sales price. 1. Figure out the amount of the discount. 2. Subtract the discount from the original price. It may seem more difficult than it is.

Sales price Example (Cont.):

Sales price Example (Cont.) The key is in setting up the problem the correct way to first figure out the discount and then to subtract that discount from the original price. Let’s look at another example. Example: Jessica has picked out a new sweater for $45.50. It has been marked down at a 20% discount. How much will Jessica pay for the sweater?

Sales price Example (Cont.):

Sales price Example (Cont.) First, we figure out the amount of the discount. What is 20% of $45.50? x = .20(45.50) x = $9.10 Next, we subtract the amount of the discount from the original price. $45.50 - $9.10 = x $36.40 = x Jessica will pay $36.40 for her new sweater.

Sales price Worksheet:

Sales price Worksheet Calculating a Sales Price Worksheet Directions: For each problem, first figure out the amount of the discount. Then figure out the sales price. Each problem will have two answers. 1. Sam is going to buy a new bike. The original price of the bike is $95.80. He has a coupon for 15% off the original price. What is the amount of the discount? How much will Sam pay for the bike? 2. Jamie is going to buy a new book. The book is $19.95, but Jamie is a member of a frequent reader club and gets a 20% discount. What is the amount of the discount? How much will Jamie pay for the book?

Sales price Worksheet (Cont.):

Sales price Worksheet (Cont.) 3. Ryan works at the bookstore. He gets a 30% discount. If he was going to buy the same book as Jamie how much would he pay? What is the amount of the discount? How much will Ryan pay for the book? 4. Joyce works in a restaurant. She receives 10% off of any meal that she orders. Joyce ordered a meal that costs $15.75. What is the amount of the discount? How much will she pay for the meal?

Sales price Worksheet Answers:

Sales price Worksheet Answers Answer Key 1. $14.37 $81.43 2. $3.99 $15.96 3. $5.98 $13.97 4. $1.57 $14.18

CONGRATULATION !!! You have completed This Section:

CONGRATULATION !!! You have completed This Section Please proceed to the next module to take your practice quiz. Please take good notes for your practice quiz since much of this information will comprise your course tests, midterm exam and final exam.

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