Tax, Tip, Discount
Flashcard
•
Mathematics
•
7th Grade
•
Hard
+1
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a percentage of the sale price of goods and services that is collected by the seller and paid to the government.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal). For example, if the sale price is $100 and the tax rate is 6.5%, the sales tax is $100 x 0.065 = $6.50.
Tags
CCSS.7.RP.A.3
3.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the regular price of a product or service, often expressed as a percentage.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
To calculate the sale price after a discount, subtract the discount amount from the original price. The discount amount is calculated by multiplying the original price by the discount percentage.
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
What is the formula to find the discount amount?
Back
Discount Amount = Original Price x Discount Percentage.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If an item costs $80 and has a 25% discount, what is the sale price?
Back
Sale Price = Original Price - Discount Amount = $80 - ($80 x 0.25) = $80 - $20 = $60.
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is the difference between a tax and a tip?
Back
A tax is a mandatory financial charge imposed by the government, while a tip is a voluntary payment made to service workers for their service.
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