Module 8
1. Module 8
1.8. Page 3
Module 8: Daily Living
Explore
Discounts
Which is the better sale: 25% off or $10.00 off? The answer will depend on the original cost of the item. But how can you figure out how much money you will save when you are just given a sale discount as a percentage? This next example will show you how to change a percent discount into actual dollar-and-cents savings.
Socks are on sale for 25% off. How much money would you save in this sale?
Example 1
Brandon is looking at a menswear flyer. Dress socks regularly priced at $7.99 a pair are advertised at 25% off.
- What is the discount?
- What is the discounted price?
Solution
25% = 0.25
The discount is $2.00.
Try This
discount: price reduction as a percent or a dollar value
In this activity you will calculate sales prices from percent discounts advertised in flyers or on the Internet. You will need a few sales flyers or access to your favourite retailer on the Internet.
Step 1: Select a flyer you received or go to the website of your favourite retailer. Look for at least five items that are reduced by a percent discount. Calculate the dollar discount and the discounted price, as in Example 1.
Remember to save your work in your course folder; your teacher may ask to see your work.
TT 1. Complete a table like the following. Round calculated prices to the nearest cent.
|
Item Description |
Regular Price |
Percent Discount |
Discount |
Discounted Price |
|
dress socks (1 pair) |
$7.99 |
25% |
$2.00 |
$5.99 |
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b.
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c.
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d.
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e.
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TT 2. Is there a way to determine the discounted price without first finding the dollar discount? If there is, show how this is done using your five examples.
TT 3. Search the Internet for a percent calculator, which may help in checking your table entries. There are a number available for both the computer and cellphone. Find at least three such calculators, and rank the calculators according to suitability and ease of use. You might even find yourself using the best calculator you find in the future to guide your own shopping!
Share
Share the percent calculators you found with other students. Compare the different calculators found and decide amongst yourselves which calculator is the best. What criteria did the group use to decide on the best percent calculator? Save and use this percent calculator during the rest of this lesson and module to check your work.