Purchasing - Everyday Math

Transcription

1 Table of Contents Purchasing Word Problems... 2 Problem 1: Store Purchase with Discount... 3 Problem 2: Down Payment on House Purchase... 4 Problem 3: Grocery Shopping with Coupons... 5 Problem 4: Buying Gas... 6 Problem 5: Buying stock... 7 Problem 6: Sizing a Turkey for Dinner... 8 Problem 7: Store Purchase with Discount... 9 Problem 8: Buying Pizza Problem 9: Purchasing Internet Service Problem 10: Determining Change Problem 11: Calculate Sales Tax Problem 12: Cost for Different Discounts Problem 13: Expression for Purchase Problem 14: Calculate Original Price Purchasing Problem Answers What Everyone Should Know Page 1

2 Purchasing Word Problems Everyone will need to purchase items. Purchasing is to buy or acquire an item by the payment of money or its equivalent. This section contains word problems associated with buying or selling. What Everyone Should Know Page 2

3 Problem 1: Store Purchase with Discount Tracey Department store is having a shoe sale for 3 days. The original price of a pair of shoes is $ The store is giving a 25% off the original price on day 1 and day 2 of the sale and 50% off on the last day of the sale. a. What is the sale price of the shoes on day 1? b. What is the sale price of the shoes on day 3? c. On day 2, Kay bought 2 pairs of shoes and on day 3, she bought 3 pairs. What is the total amount spent on shoes? d. In a, b, and c above, round the answer to the nearest dollar. What Everyone Should Know Page 3

4 Problem 2: Down Payment on House Purchase Kay and Jim are preparing to purchase a colonial single family home on Delaware Street. The house cost $250, They needed $50, as a down payment. They took 10% of the down payment from their checking account and 90% from their savings account. a. What % of the house cost was the down payment? b. How much of the down payment came from their checking account? c. How much of the down payment came from their savings account? What Everyone Should Know Page 4

5 Problem 3: Grocery Shopping with Coupons Carol went shopping at the AP Grocery store. She had two $20 bills to spend. The table below shows the items selected and coupon discount price. Item Price Coupon reduction Potato chips Pork chops Fruit 6.99 Birthday card 2.99 Father s Day card 2.59 Bread 2.99 Buns 2.99 a. Will Carol have enough money to purchase the groceries? b. What is the cost of the groceries without the coupons? c. What is the cost of the groceries with the coupons? d. What is the total coupon savings? What Everyone Should Know Page 5

6 Problem 4: Buying Gas Purchasing - Everyday Math Bob stopped at TEKO gas station to fill up on gas for his VOLVO. His car holds 15 gallons of gas. He has 1 gallon of gas in his car. Regular gas cost $3.98 and Premium gas cost $4.22. a. What will it costs him to fill up his tank with regular gas? b. What will it costs him to fill up his tank with premium gas? What Everyone Should Know Page 6

7 Problem 5: Buying stock Purchasing - Everyday Math Mary own 1000 shares of Utility stock that she purchased for $45 per share in In 2011, the stock sells for $18.25 per share. a. How much did she pay for the stock in 1998? b. How much was the stock worth in 2011? What Everyone Should Know Page 7

8 Problem 6: Sizing a Turkey for Dinner Jack is preparing a turkey for Thanksgiving. He will be serving 16 adults (this includes Jack). He estimates that each person will get ¾ pound. a. How large (in pounds) of a turkey does he needs to purchase? b. If the turkey costs $.50/pound, how much did he pay for the turkey? What Everyone Should Know Page 8

9 Problem 7: Store Purchase with Discount There is a big sale at Tracy s Department store. Men s North Face jackets were originally selling for $ Each jacket was 75% off. Ernest has $ cash to spend. He bought 2 jackets. a. What was the total cost of both jackets on sale? b. What is the total savings? c. Did Ernest have cash left? What Everyone Should Know Page 9

10 Problem 8: Buying Pizza Purchasing - Everyday Math The cafeteria sells pizza for $8.00 for a medium and $12.00 for a large. The large pizza is divided into 8 slices and is also sold by the slice; a slice cost $1.50. a. What is the cost of 2 medium, 3 large, and 4 slices of a large pizza? b. What will it cost to buy pizza for 12 people, if each person will get two slices of the large pizza? What Everyone Should Know Page 10

11 Problem 9: Purchasing Internet Service The Copeland Family spends $24.99 per month for internet service. They spend about 120 hours per month on the internet. a. How much does the family pay for 1 year of internet service? b. About how many hours does the family spend on the internet in a year? What Everyone Should Know Page 11

12 Problem 10: Determining Change Sue made a purchase at the computer store. Sue paid $40.99 with a check for $ She used the change to buy several $5 bottles of bubble bath at the drug store. a. How many bottles is she able to buy? What Everyone Should Know Page 12

13 Problem 11: Calculate Sales Tax States with the highest sales tax are: California (8.25%), Indiana (7%), Mississippi (7%), New Jersey (7%), Rhode Island (7%), Tennessee (7%), Minnesota (6.875%), Nevada (6.85%), Arizona (6.6%), Washington (6.5%), Kansas (6.3%), Texas and Illinois (6.25%). Many states exempt prescription drugs from sales taxes. Some also exempt food and clothing purchases and a few also exempt non-prescription drugs. a. How much tax would you pay on a lawn mower that cost $ purchased in California? b. How much tax would you pay on a lawn mower that cost $ purchased in Texas? c. How much tax would you pay on a lawn mower that cost $ purchased in Kansas? What Everyone Should Know Page 13

14 Problem 12: Cost for Different Discounts Mary only buys Pepsi Cola when it is on sale. Three stores in her neighborhood had the 6 pack- 16 ounce sodas on sale. The regular price at each store for a 6- pack is $3.99. She purchased 3 6-packs at the store with the lowest price. Store 1 sale: buy 2 6-pack at the regular price and get 1 6-pack free. Store 2 sale: buy 1 6-pack at the regular price and get second 6-pack for half price. Store 3 sale: 50% off on each 6-pack. a. What would 3 6-packs cost at store 1? b. What would 3 6-packs cost at store 2? c. What would 3 6-packs cost at store 3? What Everyone Should Know Page 14

15 Problem 13: Expression for Purchase Mary purchased x t-shirts at $16 each, and y blouses at $20 each. a. What expression represents the total value of the purchases? What Everyone Should Know Page 15

16 Problem 14: Calculate Original Price At a one-day sale, Rose paid $550 for a new lawn mower. The price she paid was $80 less than the original price. a. What was the original price of the mower? What Everyone Should Know Page 16

17 Purchasing Problem Answers 1a: $ b: $ c: $75 1d: $19, $13, $75 2a: 20.3% 2b: $5099 2c: $45,891 3a: Yes 3b: $ a: 11 11a: $ b: $ c: $ a: $ b: $ c: $ a: 16x + 20y 14a: $630 3c: $ d: $3.49 4a: $ b: $ a: $ b: $ a: 12 pounds 6b: $6.00 7a: $ b: $ c: Yes 8a: $ b: $ a:$ b: 1440 What Everyone Should Know Page 17