Calculating Tips, Discounts, and Taxes

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What is a discount?

Back

A discount is a reduction in the original price of a product or service.

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CCSS.6.RP.A.3C

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How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal) and subtract that amount from the original price.

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CCSS.6.RP.A.3B

Front

If a $50 item has a 20% discount, what is the final price?

Back

$40.00

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CCSS.6.RP.A.3C

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically in restaurants.

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CCSS.6.RP.A.3B

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How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal).

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CCSS.6.RP.A.3C

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If your restaurant bill is $30 and you want to leave a 15% tip, how much is the tip?

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$4.50

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CCSS.6.RP.A.3C

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What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller.

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CCSS.6.RP.A.3C

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How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal).

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CCSS.6.RP.A.3B

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If an item costs $100 and the sales tax is 8%, what is the total cost?

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$108.00

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CCSS.6.RP.A.3C

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What is a commission?

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A commission is a fee paid to an agent or salesperson for their services, usually calculated as a percentage of the sale.

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CCSS.6.RP.A.3C