Sales Tax and Discounts

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.

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CCSS.6.RP.A.3C

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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, for a $100 item with a 9% tax rate, the sales tax is $100 x 0.09 = $9.

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CCSS.6.RP.A.3D

Front

What is the formula to find the final price after sales tax?

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Final Price = Sale Price + (Sale Price x Sales Tax Rate).

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CCSS.6.RP.A.3C

Front

If an item costs $200 and the sales tax is 8%, what is the total cost?

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Total Cost = $200 + ($200 x 0.08) = $216.

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CCSS.6.RP.A.3C

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What is a discount?

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A discount is a reduction in the price of a product or service, often expressed as a percentage of the original price.

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CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

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

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CCSS.6.RP.A.3C

Front

If a pair of shoes costs $80 and has a 25% discount, what is the sale price?

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Sale Price = $80 - ($80 x 0.25) = $60.

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CCSS.6.RP.A.3C

Front

What is the difference between a sales tax and a discount?

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Sales tax is an additional charge on the sale price, while a discount reduces the original price of the item.

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CCSS.6.RP.A.3B

Front

How do you find the amount of a discount?

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Discount Amount = Original Price x Discount Rate.

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CCSS.6.RP.A.3C

Front

If an item is originally priced at $150 and is on sale for 20% off, what is the discount amount?

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Discount Amount = $150 x 0.20 = $30.

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CCSS.6.RP.A.3C