total purchase price pp. 234-236 6-2 section. click to edit master text styles second level third...
TRANSCRIPT
![Page 1: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/1.jpg)
Total Purchase Price pp. 234-2366-2SECTIONSECTION
![Page 2: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/2.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
2
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 2 of 14
6-2
Section ObjectiveSection ObjectiveCalculate:
• total purchase price
![Page 3: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/3.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
3
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 3 of 14
6-2
sales receipt (p. 234)
Proof of purchase of a good or service from a store.
total purchase price (p. 234)
The selling price of an item plus the sales tax.
Key Words to KnowKey Words to Know
![Page 4: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/4.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
4
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 4 of 14
6-2
Total Purchase Price = Total Selling Price + Sales Tax
Formula Formula
![Page 5: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/5.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
5
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 5 of 14
6-2
What does your state do with sales tax money it collects?
Sifting through the Gently Used p. 234Sifting through the Gently Used p. 234
![Page 6: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/6.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
6
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 6 of 14
6-2
A store in Madison, Wisconsin, advertised a smoke alarm for $24.95 and a fire extinguisher for $39.95.
What is the sales tax if the combined state and city rate is 6 percent?
What is the total purchase price?
Example 1Example 1
![Page 7: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/7.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
7
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 7 of 14
6-2
Find the total selling price.
$24.95 + $39.95 = $64.90
Example 1 Answer: Example 1 Answer: Step 1Step 1
![Page 8: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/8.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
8
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 8 of 14
6-2
Find the sales tax.
Total Selling Price × Sales Tax Rate
$64.90 × 0.06 = 3.894 = $3.89
Example 1 Answer: Example 1 Answer: Step 2Step 2
![Page 9: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/9.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
9
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 9 of 14
6-2
Find the total purchase price.
Total Selling Price + Sales Tax
$64.90 + $3.89 = $68.79
Example 1 Answer: Example 1 Answer: Step 3Step 3
![Page 10: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/10.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
10
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 10 of 14
6-2
Clayton Young buys 4 packages of alkaline batteries for $1.99 each, a bottle of sunscreen for $5.96, 2 boxes of adhesive bandages for $2.56 each, and a tube of toothpaste for $1.76. The combined state and city sales tax rate is 5.25 percent.
What is the total purchase price?
Practice 1Practice 1
![Page 11: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/11.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
11
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 11 of 14
6-2
$21.89
Practice 1 AnswerPractice 1 Answer
![Page 12: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/12.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
12
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 12 of 14
6-2
Ethan Campbell bought 3 pairs of dress pants for $34.99 each, 4 dress shirts for $29.99 each, and 2 ties for $19.99 each. The combined state, county, and city sales tax is 7 percent.
What is the total purchase price?
Practice 2Practice 2
![Page 13: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/13.jpg)
• Click to edit Master text styles
• Second level
• Third level
• Fourth level
• Fifth level
13
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 6-2, Slide 13 of 14
6-2
$283.45
Practice 2 AnswerPractice 2 Answer
![Page 14: Total Purchase Price pp. 234-236 6-2 SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright ©](https://reader034.vdocument.in/reader034/viewer/2022051416/56649e935503460f94b98ee7/html5/thumbnails/14.jpg)
Total Purchase Price6-2END OF SECTIONEND OF SECTION