Taxes, tips, markup, discount, percent

Front

What is the formula to find the SALE PRICE?

Back

SALE PRICE = Original Price - Discount

Tags

CCSS.6.RP.A.3C

Front

What does a discounted price indicate?

Back

A discounted price means the price has decreased.

Tags

CCSS.6.RP.A.3C

Front

How is a discount applied to a price?

Back

Discount is subtracted from the price.

Tags

CCSS.6.RP.A.3B

Front

If a TV costs $132 and the sales tax is 8%, what is the final cost?

Back

$142.56

Tags

CCSS.6.RP.A.3C

Front

What is the total price of a smartphone that costs $170.41 with a 6.0% sales tax?

Back

$180.63

Tags

CCSS.6.RP.A.3C

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100.

Front

How do you calculate a discount amount?

Back

Discount Amount = Original Price x Discount Rate.

Tags

CCSS.6.RP.A.3B

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Tags

CCSS.6.RP.A.3B

Front

How do you calculate the final price after markup?

Back

Final Price = Cost Price + Markup Amount.

Tags

CCSS.6.RP.A.3B

Front

What is the difference between sales tax and VAT?

Back

Sales tax is a tax on sales of goods and services, while VAT (Value Added Tax) is a tax on the value added at each stage of production.