5.04 Execute sales transactions

1
5.04 Execute sales transactions
2
Sales transactions include

• Cash or sales check
• Debit card sales
• Credit card sales
• Layaway sales
• On approval sale
• Cash-on-delivery (COD)
• PayPal

3
How much do I owe?

• Multiply unit price times the quantity purchased.
• Add the totals together to determine the
  subtotal.
• Calculate sales tax.
• Calculate shipping charges if applicable.
• Add the subtotal, tax and shipping charges.
• Item Qty. Price Extension
• Socks 2 2.99 5.98
• T-shirt 1 7.99 7.99
• Subtotal 13.97
• Tax 1.05
• Shipping 2.00
• TOTAL 17.02

4
How much does the retailer owe?

• Debit sales
• For example CeMours Hair Studio is charged
  a nominal fee regardless of the amount purchased
• Credit sales
• For example Paynet Systems charges are based
  on a sliding scale