discount/markup, tax/tip, percent of change

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

What is markup?

Back

The amount added to the cost price of goods to cover overhead and profit.

Tags

CCSS.6.RP.A.3B

Front

What is sales tax?

Back

A percentage of the selling price added to the cost of a product or service.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Original Price + (Original Price × Sales Tax Rate).

Tags

CCSS.6.RP.A.3C

Front

What is a tip?

Back

A small amount of money given to someone for their service, usually a percentage of the total bill.

Tags

CCSS.6.RP.A.3C

Front

What is percent of change?

Back

The percent that a quantity increases or decreases from its original amount.

Front

How do you calculate percent change?

Back

Percent Change = ((New Value - Original Value) / Original Value) × 100.

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating a percentage?

Back

Percentage = (Part / Whole) × 100.

Front

If a shirt costs $40 and is on sale for $30, what is the discount?

Back

Discount = Original Price - Sale Price = $40 - $30 = $10.

Tags

CCSS.6.RP.A.3C

Front

If a product costs $200 and has a markup of 25%, what is the selling price?

Back

Selling Price = Cost + (Cost × Markup Rate) = $200 + ($200 × 0.25) = $250.

Tags

CCSS.6.RP.A.3C