This document discusses taxes and discounts in Jamaica. It provides examples of calculating sales tax on various items when given the original price and tax percentage. It also gives examples of calculating discounts on items by reducing the original price by the discount percentage to find the selling price. The document includes classwork examples of calculating sales tax and discounts in different scenarios.

1. TAX AND
DISCOUNT

3. Taxes
collected by
the Jamaican
Government
Special consumption tax (SCT)
General consumption tax (GCT)
Property tax
Education Tax
Income Tax

4. Sales Tax
•At payless
shoes store, a
pair of shoes is
being sold for
$4,500 and the
sales tax is 5%.
Calculate the
selling price of
the shoes.

5. Finding the sales tax:

6. Total Selling price

7. Example 2

8. •A PS4 has a
cost price of
$75,000 and the
sales tax is 6.5%.
How much will I
pay in total if I
want to buy the
PS4?

11. Classwork on
Sales Tax
1. Calculate the selling price of a
calculator marked $1,900 when
the sales tax is 17%
2. A table marked at 12,960 has
a sales tax of 12%. Calculate the
sales tax to be paid

13. DISCOUNT
• Discount is a deduction from the usual
cost of something.
Stores often have promotions or sales
when they offer a reduction of some
prices

14. Example 1
•Example : In a department
store, a discount of 20%. What
would be the cost price of the
following:
a) A dress marked $4500

15. Calculating the discount

16. Calculating the total selling price

17. Example 2
• Calculate the selling
price of a pair of
jeans with a a cost
price of a $3,500 at a
discount of 16.5%

18. Calculating the Selling Price

19. Classwork on
Discount
In a sale, a shop offers a 15%
discount. What is the selling
price of the following items?
• A tablet marked $25,000
• A pair of shoes marked $6000