Overview The purpose of this discussion is to give you practice calculating and interpreting percents, budgets, sales tax, and discounts. Instructions Pick one question from the list below to answer in your initial post. Put the question number in your subject line How do you calculate sales tax? How do you calculate a discount?  Explain and give examples. How is calculating sales tax different than calculating a discount? Explain and give examples. How is calculating sales tax similar to calculating a discount?  Explain and give examples.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 1TP: Conduct research on a real-world retailers trade discounts and policies, and discuss the following...
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Overview

The purpose of this discussion is to give you practice calculating and interpreting percents, budgets, sales tax, and discounts.

Instructions

Pick one question from the list below to answer in your initial post. Put the question number in your subject line

  1. How do you calculate sales tax? How do you calculate a discount?  Explain and give examples.
  2. How is calculating sales tax different than calculating a discount? Explain and give examples.
  3. How is calculating sales tax similar to calculating a discount?  Explain and give examples.
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