Mark ups, Tax, and Tip
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a markup?
Back
Markup is the amount added to the cost price of a product to determine its selling price.
Tags
CCSS.6.RP.A.3B
2.
FLASHCARD QUESTION
Front
How do you calculate the selling price with markup?
Back
Selling Price = Cost Price + Markup
Tags
CCSS.6.RP.A.3B
3.
FLASHCARD QUESTION
Front
What is the formula to calculate sales tax?
Back
Sales Tax = Price × Tax Rate
Tags
CCSS.6.RP.A.3D
4.
FLASHCARD QUESTION
Front
If an item costs $50 and the sales tax is 8%, what is the total cost?
Back
Total Cost = $50 + ($50 × 0.08) = $54.00
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a sum of money given to someone for their service, typically calculated as a percentage of the total bill.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
How do you calculate a tip?
Back
Tip = Total Bill × Tip Percentage
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
If your bill is $30 and you want to leave a 15% tip, how much is the tip?
Back
Tip = $30 × 0.15 = $4.50
Tags
CCSS.6.RP.A.3C
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