1. The two taxes paid on most purchases are the amount of each tax is % and and the . The % respectively. 2. Use the "10% + 5%" method of estimating total cost. Item Rounded Estimated Cost Cost 10% 5% Total Tax Estimated Total Cost a) CD Box set $22.79 b) Jacket $19.99 3. List two common incentives used by retailers. a) b) 4. Determine the approximate sale price of the following item. $39.79 Now 25% Off Regular price Rounded price Type of discount Approximate discount Approximate sale price $ 5. As an employee of the store that sells the backpack in #4, you receive an additional 15% off the sale price. This is calculated after the original discount. Calculate your cost, before taxes, if you want to buy one of the backpacks. 6. You work in a video store. A customer buys a video and the after-tax cost is $16.44. The customer gives you $20.04. a) Calculate the change due to the customer. $ b) Draw a bill/coin combination you can use to provide the change.