Tax, Commissions, Fees

Front

Discount is ____________ from the price.

Back

subtracted

Front

If the sales tax in your city is 9.8% and an item costs $77 before tax, how much tax would you pay for that item?

Back

$7.55

Front

Sales tax is __________ to the price.

Back

added

Front

You are purchasing a T.V for $990 with 9% sales tax. What is the final price of the T.V.?

Back

$1,079.10

Front

Sharon makes money by commission rates. She gets 17% of everything she sells. If Sharon sold $37,000 worth of items this month, what is her commission for the month?

Back

$6,290

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Price × Sales Tax Rate

Front

If an item costs $50 and the sales tax is 8%, what is the total cost?

Back

$54.00

Front

What does commission mean in sales?

Back

Commission is a fee paid to an employee based on the sales they make.

Front

If a product is priced at $200 and has a discount of 15%, what is the sale price?

Back

$170.00

Front

What is the difference between a fee and a commission?

Back

A fee is a fixed charge for a service, while a commission is a percentage of sales.