Marketing Indicator 2.11 Sales Calculations Practice
Calculate Basic Math
Convert the following fractions to decimals. Round to the nearest thousandth.
1) 2/9 = / 2) 3/4 = / 3) 5/8= / 4) 1/3 =Convert the following percents to decimals.
5) 12 ½% / 6) 154.8% / 7) 50% / 8) 200%Convert the following decimals to percents and round to the nearest tenth of a percent.
9) .02 / 10) 1.5 / 11) 0.335 / 12) .125Making Change Practice
How would you make or arrange for change in the following situations using the smallest number of bills and coins possible?
1. A customer gives you a $50 bill to pay for $22.61 purchase. What change would you give her?
2. A customer gives you $40.15 for a $27.15 purchase. What change would you give him? Why did he give you the change along with the $40?
Discounts on Purchases
Calculate the discounts on the following purchases.
- Sally’s Supply orders $3,256 worth of merchandise. Her invoice states 5/10, net 60. How much will she owe if she pays within 10 days and how much will she owe if she pays within 60 days?
- Raymond’s Sports Supply ordered 250 t-shirts at $4.50 a piece from Lyndham Goods. Lyndham gives a 15% discount on orders totaling $1,000-$2,000. How much does Raymond’s owe?
Sales Calculations Practice
Do the sales calculations indicated below.
1. Calculate the amount for each item by multiplying the unit price times the quantity purchased.
Dept. / Quantity / Item / Unit Price / Total12 / 10 / Vests / $85.00
16 / 5 / Footballs / $15.95
18 / 11 / Clocks / $26.50
21 / 20 / Irons / $39.95
2. If all of the above items were part of a single purchase, what would be the merchandise total?
3. Determine the price for one can of soda when a six-pack sells for $2.17.
4. Determine the price for two rolls of film when three rolls sell for $12.25.
Credit Card Fee Practice
Calculate the impact credit card fees would have on the business described below.
1. At Rachel’s Gifts, VISA sales are usually between $13,000 and $15,000 per month. The VISA handling charge for $10,000 - $14,999 is 3% of sales; for $15,000 - $19,999, 2.5%; and for $20,000 - $29,999, 2%.
- Rachel had $15,500 in VISA sales one month. How much did she net?
- How much would Rachel net in that month if her shop did $21,000 in sales?
2. Rachel has decided to accept the Diner’s Club card in her shop. The handling charges are 1% higher than for VISA at each sales level. If Rachel had $21,000 in Diner’s Club sales, how much would she pay in handling fees?
3. Rachel had $13,600 in cash sales, $14,800 in Diner’s Club sales, and $15,200 in VISA sales one month. What were her net sales after handling charges?
Sales Tax Practice
1. Using the tax table below, find the tax and total amount due for each purchase listed below. Round the tax to the nearest cent.
Zone / Tax RateA / 6%
B / 6.5%
C / 7%
Item / Price / Tax Zone / Tax / Total
Tires / $315 / B
Ski Boots / $185 / C
Clock / $105 / A
Books / $110 / A
Washer / $429 / C
Sales Tax Practice II
The list price of a product is the established price of a product. The list price does not include any discounts. The market price is the actual price you pay for a product, after any discounts or coupons.
Complete the table by computing the discount amount and the market price. Remember to round to the nearest cent. The first one is done for you.
List Price ($) / Discount (%) / DiscountAmount ($) / Market
Price ($)
20.00 / 10 / 2.00 / 18.00
29.95 / 15
63.99 / 20
89.88 / 60
72.99 / 5
84.00 / 25
Sales Tax Practice III
Which is the better deal? Sometimes the purchaser of a product has the option to use either a coupon or a discount. In the table below, first compute the market price using a 20% discount. Second, compute the market price using a $10.00 coupon. Finally, circle the better option.
List Price ($) / Discount (%) / Discount Amount ($) / Market Price withPercent Discount ($) / Market Price with
$10 Coupon ($)
24.99 / 20
63.98 / 15
37.00 / 20