Percent Sales Tax & Discount

Front

What is a percent discount?

Back

A percent discount is a reduction in the original price of an item, expressed as a percentage of that price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is added to the total cost.

Tags

CCSS.7.RP.A.3

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Sale Price + (Sale Price × Sales Tax Rate)

Tags

CCSS.6.RP.A.3D

Front

What is the formula to find the percent of a number?

Back

Percent = (Part / Whole) × 100

Front

If an item costs $50 and has a 20% discount, what is the sale price?

Back

Sale Price = $50 - ($50 × 0.20) = $40

Tags

CCSS.6.RP.A.3C

Front

How do you round a number to the nearest cent?

Back

Look at the third decimal place: if it's 5 or more, round up; if it's less than 5, round down.

Tags

CCSS.5.NBT.A.4

Front

What is the importance of rounding in financial transactions?

Back

Rounding ensures that monetary values are expressed in a standard format, typically to two decimal places.

Front

If a product costs $100 and the sales tax is 5%, what is the total cost?

Back

Total Cost = $100 + ($100 × 0.05) = $105

Tags

CCSS.6.RP.A.3C

Front

What does it mean to find the percent increase?

Back

Percent increase measures how much a value has grown compared to its original amount, expressed as a percentage.

Tags

CCSS.6.RP.A.3C