Module 8
1. Module 8
1.6. Lesson 2
Module 8: Daily Living
Lesson 2: Price Increases and Decreases
Focus
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Mike’s mother wants new winter tires installed on her vehicle. She has asked Mike to check out prices. Mike has just stopped by the shop where his friend Carmen works. Carmen says they have a mid-season special right now. Snow tires the size Mike’s mother needs are regularly $199.00 each; but, if she purchases the tires this week, she will get all four tires for the price of three. Mike knows that, at the local building centre, the same tires are regularly $209.00 apiece, but they are on sale right now for 30% off.
Which is the better buy?
Mike likes the idea of working at a shop like Carmen’s. He wonders how much Carmen earns and how the shop sets its tire prices.
Lesson Questions
In this lesson you will explore this question:
How are percentages used to calculate discounts, mark-ups, and sales taxes?
Assessment
You will complete the Lesson 2 Assignment Booklet for assessment. Download the Lesson 2 Assignment Booklet and save it in your course folder now. You will receive instructions on how to complete the Assignment Booklet later in the lesson. You will also be prompted to continue working on the Unit 4 Project.
Remember to save all activities, including those that are not part of the Assignment Booklet, in your course folder.
Required Materials and Equipment
You will need a few sales flyers (online flyers will work too), your calculator, and your problem-solving skills.