Discount, Tax, Mark-ups

Flashcard
•
Mathematics
•
7th Grade
•
Hard
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the original price of a product or service, often expressed as a percentage.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
Sale Price = Original Price - (Discount Percentage × Original Price)
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate the total cost including sales tax?
Back
Total Cost = Original Price + (Sales Tax Percentage × Original Price)
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
What is a markup?
Back
A markup is an increase in the original price of a product, often expressed as a percentage of the cost price.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markup?
Back
Selling Price = Cost Price + (Markup Percentage × Cost Price)
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
If a bicycle costs $175 and is discounted by 25%, what is the sale price?
Back
$131.25
Tags
CCSS.6.RP.A.3C
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