Unit 4 ReviewNCVPS OCS Financial Management

Consumer Spending Unit

Cleona is going shopping to celebrate being done with Unit 4!

How much money does Cleona have to spend today?

Pause the slide to count Cleona’s money. When you think you have the right amount, resume the slides!

Cleona has $178.69

Cleona wants to buy a shirt. Here are two shirts that she may want to purchase. Read each deal. Answer the questions about each shirt. Make a decision about which shirt Cleona should buy.

REGULAR PRICE $40 each.

Today’s Incentive – Buy two shirts and save 25% on both.

How much will the two shirts at Collister be after the discount?

Collister

Regular price is $45 each.

Today’s Incentive – Buy one shirt get one shirt 35% off.

How much will the discounted shirt at American Bird be?

How much will the total at American Bird be for purchasing two shirts?

American Bird

Who has the best deal on shirts today?

ORCollister

American Bird

The best price isn’t the only consideration.

But Cleona likes both of these shirts equally. Price is the ONLY consideration.

Make the decision for Cleona. Which t-shirts will she purchase?

How much will she pay in Sales Tax? (Use 7%)

What is the total price for these shirts including tax?

Cleona will choose to purchase the Collistershirts.

$40 x .25 = $10 discount

Each shirt will cost $40 - $10 = $30

She is purchasing two shirts. 2 * $30 = $60

Sales tax on purchase: $60 x .07 = $4.20

Add purchase price and sales tax for total price.

$60 + $4.20 = $64.20

Cleona pays for her purchase at Collister using 3 twenty dollar bills and 1 ten dollar bill.

How much change will Cleona receive back?

3 * $20 + $10 = $70

Cleona gives the cashier $70. Her purchases total $64.20.

$70 - $64.20 = $5.80

The cashier learned to count back change like we did!

The cashier started at $64.20

+ .05 (nickel) (64.25)

+ .25 (quarter) (64.50)

+ .25 (quarter) (64.75)

+ .25 (quarter) (65.00)

+ 5.00 ($5 bill) (70.00)

Cleona received one $5 bill, 3 quarters and a nickel

Cleona has some money left and

wants to purchase some socks.

Pack #2 is $12.00 for 8 pairs of socks.

Pack #1 is $10 for 6 pairs of socks.

1)What is the price per pair of socks in each pack?2)Which is the better deal?

There are two packs of socks to choose from.

1)What is the price per pair of socks in each pack?$10 for 6 pairs = $1.67 per pair$12 for 8 pairs = $1.50 per pair

2) Which is the better deal?

The 8 pairs for $12 is the best unit price.This makes Cleona very happy! She wanted to buy more than 7 pairs of socks so she only has to do laundry once each week.

Let’s make the sock purchase!

Sales tax is still 7%.

Calculate the sales tax for the purchase of the 8 pack and then the final purchase price.

Click forward to check your answer.

$12 * .07 = $ 0.84Total purchase price = $12 + 0.84 = $12.84

Cleona is paying for this purchase with 1 Twenty dollar bill. What is her change?

Cleona’s change will be:

$20.00 - 12.84

7.16

Cleona is tired from her shopping adventures and has purchased everything that she needed from her list.

Before she heads home, she wants to know how much money she has left over from the cash that she brought.

Cleona brought $178.69She spent $64.20 on shirts and $12.84 on socks. Her purchases totaled $77.04

$178.69- 77.04$101.65

Now she can go home!

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