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Sheila Charle McAtee

Wednesday, January 6, 2016

Lesson 2.6 Sales Tax, Tips, and Markup

Good evening Girls and Boys,
We are now diving into a lesson on paying extra money! No fun at all!  We are going to learn about Sales Tax, Tips or Gratuity, Markups and Selling Price.  These 5 are all of your new vocabulary  terms for this lesson.  You and your family see these every time that something is purchased so you may be very familiar with these terms.  Sales Tax is what the state and national government tack onto to prices to run the governments.  Tips or Gratuity - both the same- are the amount you would give a person for service given- such as a waitress.  A store will Markup a price to customers from what they paid for it and what they sell it for. And the last term is Selling Price that goes with Markup.  The price that store owners sell items for after the markups is called the Selling Price. And please excuse me for sneezing on video 2 at the end.........


Here is Ava at her family reunion.  She is making homemade sausage, a family tradition.  YUM!!!
Homework:
Read the blog, take 3 notes from the blog and record in the graphic organizer, Watch the videos, take notes in your graphic organizer and complete all 5 vocabulary terms in Lesson 2.6- Sales Tax, Tips and Markup.

As always in MATH,
Mrs M

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