3 MAKING SOUND PURCHASING DECISIONS
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Lesson 3.1: After-Tax Cost
In Ontario, several supplies of goods and service are subject to Harmonized Sales Tax at the rate of 13%. In this lesson, we will learn about Harmonized Sales Tax and how to calculate after-tax cost. |
Lesson 3.2: Incentives to Buy
Sellers all over the world offer several incentives to motivate shoppers to purchase their products. In this lesson, we will learn about several incentives that sellers do and how to estimate/calculate sales prices. |
Lesson 3.3: Understanding Incentives
Stores offer various incentives for their customers to increase the sales. Shoppers need to have a solid understanding of how incentives such as "Buy 2, Get 1 Free; Buy 1, Get 1 50% off 2nd Item" work. In this lesson, we will learn how to make sound purchasing decisions by comparing different sales promotions. |
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Lesson 3.4: Getting and Giving The Correct Change
It is important to be able to handle money right. You need to be able to give people the correct amount when you buy something. You also need to check that you get the right change. You should also be able to give the correct change when you sell something. In this lesson, we will practice our skills to give and get the correct change. |
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Lesson 3.5: Unit Prices
The "Unit Price" (or "unit cost") tells you the cost per liter, per kilogram, per pound, etc, of what you want to buy. In this lesson, we will learn how to make a sound purchasing decision by comparing items' unit prices. |
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Lesson 3.6: The Cost of "Buy Now, Pay Later"
The method of buying large ticket items with a small deposit and instalment payment plan was a feature of the 1920's. Previously only the wealthy could afford to pay cash for items like pianos, phonographs, radios, fridges, vacuum cleaners, and washing machines. In this lesson, we will learn about how instalment payment plan works. |
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Lesson 3.7: Making Purchases From Other Countries
Many Canadians visit the United States or other countries. The value of the value of one country's currency in a second country. In this lesson, we will explore what exchange rate is and how to convert from one currency to another. |