MEL3E – Gr. 11
UNIT 5: SKILLS you will use…
Fill in the table:
Item / Price / Round to the nearest $1 / Round to the nearest $5 / Round to the nearest $10Compass / $97.99
Tent / $179.99
Stove / $84.88
Calculator / $52.40
What is...
10% of $47.00 = .10% of $85.00 = .
10% of $102.00 = .
Do you see a pattern? / 5% of $47.00 = .
5% of $85.00 = .
5% of $102.00 = .
How are these answers related to the 10% ones? / Round these numbers to the nearest dollar first before finding 10%:
10% of $19.80 = .
10% of $149.99 = .
HST~ the new tax.
HST: ______…is a tax applicable to most services and goods produced, manufactured or imported into Canada.
The HST rate is____.
HST
Some things are HST exempt (no tax): ______
PST:______…is a tax imposed by the Provincial Government, and is a part of the HST tax.
Ontario’s PST rate is_____
The ONLY province in Canada with no PST is ______
Some things that are PST exempt are:______
CLASSWORK:
· ESTIMATING TAX at the store…
Item / Price / Rounded Price / 10% / 5% / Total Estimated Tax / Estimated After Tax Cost / Actual After-Tax Price (13% HST)= price x 1.13Skates / $219.99
Set of Dishes / $52.99
Portable DVD / $199.99
Snow Shovel / $32.99 /
1/6/2011
Mathematics for Everyday LifeMEL3E – Gr. 11
Example 1: This toaster oven is $79.99 at Canadian Tire. What is the ESTIMATED after tax price?
Example 2: This coffee maker is on sale at Canadian Tire for $27.99. Estimate the after tax cost:
What is the actual after-tax cost of the coffee maker?
Example 3: This deep fryer is $91.99.
a) Estimate the after tax price
b) Find the actual after tax price
Example 4: Grocery Bill. Find the actual after tax price.
Classwork:
Calculating the price of an item that ONLY has the federal portion of HST:
Ex. Kid’s pair of pants, at $19.99:
1. Find the EXACT after tax cost of a child’s sweater that costs $13.99
2. Find the EXACT after tax cost of purse that costs $16.39
3. Find the EXACT after tax cost of shoes that cost $29.99
4. Find the EXACT after tax cost of shoes that cost $29.00
5. Find the total after tax price of this grocery bill (Remember to decide what taxes apply)
The provincial portion of the HST will be eight per cent and the federal portion will be five per cent, for a combined HST rate of 13 per cent
Rebates and Exemptions
The HST will not be charged on the following items:
· Basic groceries
· Prescription drugs
· Certain medical devices
· Child care
· Residential rents
· Municipal public transit
· Most health and education services
· Legal aid
· Most financial services
· Tutoring
· Music lessons
1/6/2011