Can someone plz explain how to do this math project, Plz give me some examples!
Directions:
For this project, you will visit an online marketplace website and choose three different products that you might want. For each product, you should provide a description of the item and the price that is stated on the website. Do not round to the nearest dollar. You will then calculate the cost of each item (including the sales tax rate for the state where you live) given three different circumstances. Be sure to use a different item for each calculation.
•Item 1: price of the item with sales tax (no other discount or markup)
•Item 2: price of the item after a 20% discount was applied, plus sales tax
•Item 3: price of the item after a 10% increase in price, plus sales tax
Have you completed these steps?
1. visit an online marketplace website
2. choose three different products
3. for each product, you should provide a description of the item and the price that is stated on the website.
Okay. Got it. Thanks.
To complete this math project, follow these steps:
1. Choose an online marketplace website like Amazon, Walmart, or eBay.
2. Browse the website and select three different products that you might want. Make sure each product has a listed price.
3. For each item, write a description of the product and note down the price as stated on the website. Remember not to round the price to the nearest dollar.
4. Determine the sales tax rate for the state where you live. You can usually find this information on your state's government website or by doing a quick internet search.
5. Calculate the cost of each item under three different circumstances mentioned in the project.
a. For Item 1, calculate the price of the item with the sales tax included but no other discounts or markups. To do this, simply multiply the price of the item by (1 + sales tax rate).
Example: If the sales tax rate is 8% and the price of the item is $50, then the cost of Item 1 would be $50 * (1 + 0.08) = $54.
b. For Item 2, calculate the price of the item after a 20% discount was applied, plus sales tax. To calculate the discounted price, multiply the original price by (1 - discount rate). Then, calculate the cost of the item by adding the sales tax to the discounted price using the same method as Item 1.
Example: If the original price of the item is $80 and the discount rate is 20%, the discounted price would be $80 * (1 - 0.20) = $64. Then, if the sales tax rate is 8%, the cost of Item 2 would be $64 * (1 + 0.08) = $69.12.
c. For Item 3, calculate the price of the item after a 10% increase in price, plus sales tax. To calculate the increased price, multiply the original price by (1 + increase rate). Then, calculate the cost of the item by adding the sales tax to the increased price using the same method as Item 1.
Example: If the original price of the item is $30 and the increase rate is 10%, the increased price would be $30 * (1 + 0.10) = $33. Then, if the sales tax rate is 8%, the cost of Item 3 would be $33 * (1 + 0.08) = $35.64.
Note: Make sure to substitute the specific price, discount rate, and sales tax rate values from your chosen products and your state's sales tax rate in the above steps to get accurate results for your math project.
The answers to the practice are
1. B
2. D
3. D
4. A
5. D
6. A, B, D
7. A, C, D
Trust me, I just took it. 100%