AIM: How can we find percents of amounts?
Announcements: Business Percent Project is Due Friday, December 1.
HW: Begin working on project!
Mr. Marinelli sells ties. He buys them for $10 and marks them up 135%. How much will a customer pay for a tie at Mr. Marinelli's store, including an 8.875% sales tax?
Classwork: The class was introduced to the Business Percent Project today. In this project, students will buy and sell 5 items of their choosing. They will first determine the buying price of each item and the markup rate they would like to use. Then they will use a variety of percent strategies to find the selling price of their items. Once selling prices have been established, they will make calculations to find the discounted price a customer would pay with a 15% off coupon. Depending on the city's tax rate the business will be in, students must then determine the tax amount and final price a customer will pay for each item. Some basic research on business challenges and a brief write up, complemented by an advertisement of the items, will round out the project.
PLEASE NOTE: This project counts as a test grade. Failure to turn it in will result in a zero and automatic failure of the marking period. Time management is crucial.