Sales Tax and Discount

Front

Sales tax is __________ the price.

Back

added to

Front

What is the sale price of water skis that regularly sell for $248 with a 20% discount?

Back

$198.40

Front

What is the sale price of boots that are $94.99 with a 25% discount?

Back

$71.24

Front

How much tax would you pay on a new TV that costs $899 with a tax rate of 6.5%?

Back

$58.44

Front

What is the total price of a book if it costs $4.25 and the markup is 30%?

Back

$5.53

Front

Define 'discount'.

Back

A reduction in the price of a product or service.

Front

What is a 'markup'?

Back

An increase in the price of a product, usually expressed as a percentage of the cost.

Front

How do you calculate sales tax?

Back

Multiply the price of the item by the sales tax rate.

Front

What is the formula for calculating the sale price after a discount?

Back

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

Front

If an item costs $50 and has a 10% sales tax, what is the total cost?

Back

$55.00