Sale prices

Learning Objectives Define 'original price,' 'discount,' and 'sale price'. Convert percentage discounts into decimal or fractional amounts. Calculate the discount amount for an item. Calculate the final sale price of an item after a discount. Solve word problems involving sale prices and discounts. Compare different sale offers to determine the best deal. Ever seen a 'SALE!' sign and wondered how much money you could save? 🤑 Let's learn how stores calculate those exciting deals! In this lesson, you will discover what sale prices are, how to calculate the amount of money you save (the discount), and figure out the final price you pay. Understanding sales helps you become a smart shopper and manage your money wisely! Real-World A...

TermDefinitionExample Original PriceThe regular price of an item before any discount is applied.A new video game costs $50.00 before it goes on sale. $50.00 is the original price. DiscountThe amount of money that is subtracted from the original price. It's the money you save!If the $50.00 video game is on sale and you save $10.00, then $10.00 is the discount. Sale PriceThe final price of an item after the discount has been subtracted from the original price. This is the amount you actually pay.If the video game's original price was $50.00 and the discount was $10.00, the sale price is $40.00. Percentage (%)A way to show a part of a whole as a fraction of 100. For example, 25% means 25 out of 100.A sign says '25% off!' This means you save 25 cents for every 100 cents (o...

Calculating the Discount Amount $\text{Discount Amount} = \text{Original Price} \times \text{Discount Rate (as a decimal or fraction)}$ Use this rule to find out exactly how much money you will save. Remember to convert the percentage discount into a decimal (by dividing by 100) or a fraction first. Calculating the Sale Price $\text{Sale Price} = \text{Original Price} - \text{Discount Amount}$ Once you know the discount amount, subtract it from the original price to find the final price you will pay for the item.