Tax, Tip, Discount, Commission
Flashcard
•
Mathematics
•
7th Grade
•
Hard
+4
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a commission?
Back
A commission is a fee paid to an employee or agent for services rendered, typically calculated as a percentage of the sales made.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate commission?
Back
To calculate commission, multiply the total sales amount by the commission rate (as a decimal). For example, if the sales are $22,540 and the commission rate is 12%, the commission is $22,540 x 0.12 = $2,704.80.
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.
Tags
CCSS.6.RP.A.3B
4.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the purchase price by the sales tax rate (as a decimal). For example, for a $899 TV with a 6.5% tax rate, the tax is $899 x 0.065 = $58.43.
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a small amount of money given to someone for their services, often calculated as a percentage of the total bill.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
How do you calculate a tip?
Back
To calculate a tip, multiply the total bill by the desired tip percentage (as a decimal). For example, for a $27.31 bill with a 23% tip, the tip is $27.31 x 0.23 = $6.28.
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the price of a product or service, often expressed as a percentage of the original price.
Tags
CCSS.6.RP.A.3C
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