Sales tax and discount

Front

What is sales tax?

Back

Sales tax is a percentage of the price of a product that is added to the total cost at the time of purchase.

Front

How do you calculate the total cost with sales tax?

Back

To calculate the total cost with sales tax, multiply the price by the sales tax rate (as a decimal) and add that amount to the original price.

Front

What is a discount?

Back

A discount is a reduction in the price of a product, usually expressed as a percentage.

Front

How do you calculate the total cost after a discount?

Back

To calculate the total cost after a discount, subtract the discount amount from the original price.

Front

If a product costs $100 and has a 10% discount, what is the total cost after the discount?

Back

$90.00

Front

If a product costs $50 and has a 20% discount, what is the discount amount?

Back

$10.00

Front

What does it mean to add sales tax to a price?

Back

Adding sales tax means increasing the original price by a certain percentage to account for tax.

Front

If a shirt costs $25 and the sales tax is 8%, what is the total cost?

Back

$27.00

Front

What is the formula for calculating sales tax?

Back

Sales Tax = Price x Sales Tax Rate.

Front

If a product costs $30 and has a 5% discount, what is the total cost after the discount?

Back

$28.50