Discount, Tax, Tip and Commission

Front

What is the formula to calculate the final cost of an item after applying a discount and sales tax?

Back

Final Cost = (Original Price - Discount) + Sales Tax

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the discount amount on an item?

Back

Discount Amount = Original Price x Discount Rate

Tags

CCSS.6.RP.A.3C

Front

What is the sales tax and how is it calculated?

Back

Sales tax is a percentage of the purchase price that is added to the total cost. It is calculated as Sales Tax = Purchase Price x Sales Tax Rate.

Tags

CCSS.6.RP.A.3C

Front

If an item is on sale for 25% off, how do you find the sale price?

Back

Sale Price = Original Price - (Original Price x Discount Rate)

Tags

CCSS.6.RP.A.3C

Front

What does it mean to tip a percentage of the total cost?

Back

Tipping a percentage means calculating the tip based on a percentage of the total bill, usually for services rendered.

Tags

CCSS.6.RP.A.3C

Front

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

Back

Total Cost = Original Cost + Tip Amount, where Tip Amount = Original Cost x Tip Percentage.

Tags

CCSS.6.RP.A.3C

Front

What is a coupon and how does it affect the price of an item?

Back

A coupon is a discount offer that reduces the price of an item. It is applied to the original price before calculating the final cost.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the savings from using a coupon?

Back

Savings = Original Price x Coupon Discount Rate.

Tags

CCSS.6.RP.A.3C

Front

What is the difference between a discount and a sale price?

Back

A discount is the amount subtracted from the original price, while the sale price is the final price after the discount is applied.

Tags

CCSS.6.RP.A.3C

Front

How do you find the percentage of a number?

Back

Percentage of a number = (Part / Whole) x 100.