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Ch 52: 6th-8th Grade Math: Consumer Math

About This Chapter

Designed with 6th-8th graders in mind, the fun video lessons in this chapter provide explanations and examples for common consumer math problems. Students can use the videos and lesson quizzes to figure out which concepts they need to devote more study time to.

6th-8th Grade Math: Consumer Math - Chapter Summary

If you have a 6th, 7th or 8th grader who needs additional help with consumer math, the video lessons in this chapter offer an engaging way to improve his or her skills. The math instructors provide clear-cut explanations and guide students through practice problems so they can apply what they've learned. The lessons teach students how to calculate interest, tax charges, sales discounts, price mark ups, tips and more. Middle schoolers can test their understanding of these consumer math concepts by taking short multiple-choice lesson quizzes as well as a chapter exam. If they have additional questions about the material, students can submit them to instructors for guidance.

Chapter Lessons and Objectives

LessonObjective
Making Change from a PurchaseStudents learn how to use the fewest number of coins as possible to make change when buying an item.
How to Calculate Sales CommissionsThe instructor explains what sales commissions are and uses examples to show how to calculate them.
How to Mark Up a PriceIn this lesson, students learn why businesses mark up prices and how to calculate such mark ups.
Taxes & Discounts: Calculations & ExamplesStudents are taught how to use percentages to calculate an item's sale price after a discount as well as the amount of charged tax.
How to Solve Interest Problems: Steps & ExamplesThe instructor guides students step-by-step through the process of calculating interest.
Compounding Interest Formulas: Calculations & ExamplesStudents practice using the compound interest formula to solve example problems.
How to Calculate Shipping & HandlingThe lesson defines shipping and handling and explains how to calculate them.
How to Calculate a TipStudents learn how to estimate and calculate tips as well as how to determine a total bill's cost including tip.
Item Unit Price & Total Cost: Calculations & ExamplesThe instructor explains how to determine total cost when an item's unit price and quantity are known.

9 Lessons in Chapter 52: 6th-8th Grade Math: Consumer Math
Making Change from a Purchase

1. Making Change from a Purchase

Watch this video lesson to learn the process of making change so you give your customers the least number of bills and coins as possible. See how you need to work your way from the largest bill or coin to the smallest.

How to Calculate Sales Commissions

2. How to Calculate Sales Commissions

In this lesson, we'll define sales commission. We'll also discuss three types of sales commission: percent of sales, stair step and fixed amount. You'll also learn when to utilize each type.

How to Mark Up a Price

3. How to Mark Up a Price

Marking up prices to cover costs and earn a profit is a common business practice. This lesson explains the standard formula to mark up a price, and provides examples of markups.

Taxes & Discounts: Calculations & Examples

4. Taxes & Discounts: Calculations & Examples

When you go shopping, you don't want to be surprised by the amount of tax on an item. You also want to fully understand discounts to know how much you can save. In this lesson, we'll practice calculating both tax and discounts.

How to Solve Interest Problems: Steps & Examples

5. How to Solve Interest Problems: Steps & Examples

If you want to know how your money can earn money, then it's essential to learn about solving interest problems. In this lesson, we'll practice calculating interest amounts and interest rates.

Compounding Interest Formulas: Calculations & Examples

6. Compounding Interest Formulas: Calculations & Examples

Compound interest is a great way to have your money work for you. In this lesson, find out the formula for calculating compound interest and practice using the formula with several examples.

How to Calculate Shipping & Handling

7. How to Calculate Shipping & Handling

Study the following lesson to learn how you can calculate your shipping and handling fee so you are not losing money when shipping your product to your customers. Afterwards test your new knowledge with a quiz.

How to Calculate a Tip

8. How to Calculate a Tip

Tips are quantities of money that are often added onto to the original cost of a bill. Figuring out these items is as simple as setting up a ratio between the tip percentage and the bill amount. In this lesson learn how easy it is to calculate a tip.

Item Unit Price & Total Cost: Calculations & Examples

9. Item Unit Price & Total Cost: Calculations & Examples

Two of the most important figures for a business are the unit price and the total cost. In this lesson, we learn how to calculate both as well as the relationship between the two figures.

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Other Chapters

Other chapters within the 6th-8th Grade Math: Practice & Review course

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