Discount, Tax, Mark-ups

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.

Front

How do you calculate the sale price after a discount?

Back

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

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.

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Original Price + (Sales Tax Percentage × Original Price)

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.

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price)

Front

If a bicycle costs $175 and is discounted by 25%, what is the sale price?

Back

$131.25

Front

If groceries cost $35.50 and the sales tax is 4.5%, how much will you pay in total?

Back

$37.10

Front

If a pair of boots costs $94.99 and is 25% off, what is the sale price?

Back

$71.24

Front

If sneakers cost $49.56 and the sales tax is 6.5%, how much sales tax will you pay?

Back

$3.22