Sales Tax, Tip, Discount

Front

What is sales tax and how is it calculated?

Back

Sales tax is a percentage of the sale price of goods or services that is added to the total cost. It is calculated by multiplying the sale price by the sales tax rate.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total cost after adding a tip?

Back

To calculate the total cost after adding a tip, multiply the original cost by the tip percentage, then add that amount to the original cost.

Tags

CCSS.6.RP.A.3C

Front

What is a discount and how is it applied to a price?

Back

A discount is a reduction in the original price of a product or service. It is applied by multiplying the original price by the discount percentage and subtracting that amount from the original price.

Tags

CCSS.6.RP.A.3C

Front

How do you find the sale price after applying a discount?

Back

To find the sale price after applying a discount, subtract the discount amount (original price multiplied by discount percentage) from the original price.

Tags

CCSS.6.RP.A.3C

Front

What is the formula to calculate the total cost including sales tax?

Back

Total Cost = Original Price + (Original Price x Sales Tax Rate).

Tags

CCSS.6.RP.A.3C

Front

If an item costs $100 and the sales tax is 8%, what is the total cost?

Back

Total Cost = $100 + ($100 x 0.08) = $108.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the amount saved when a discount is applied?

Back

Amount Saved = Original Price x Discount Percentage.

Tags

CCSS.6.RP.A.3C

Front

If a jacket originally costs $85 and is on sale for 40% off, how much do you pay?

Back

Sale Price = Original Price - (Original Price x Discount Percentage) = $85 - ($85 x 0.40) = $51.

Tags

CCSS.6.RP.A.3C

Front

What is the difference between a tip and a discount?

Back

A tip is a voluntary extra payment for services rendered, usually a percentage of the total bill, while a discount is a reduction in the price of a product or service.

Tags

CCSS.6.RP.A.3C

Front

How do you round a sale price to the nearest cent?

Back

To round a sale price to the nearest cent, look at the third decimal place: if it is 5 or more, round up; if it is less than 5, round down.

Tags

CCSS.5.NBT.A.4