What is a discount?
Taxes, Tips, Markups, Discounts

Flashcard
•
Mathematics
•
7th - 8th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
A discount is a reduction in the original price of a product or service.
2.
FLASHCARD QUESTION
Front
How do you calculate a discount amount?
Back
To calculate a discount amount, multiply the original price by the discount percentage (as a decimal).
3.
FLASHCARD QUESTION
Front
If a DVD costs $15 and is marked 10% off, what is the discount amount?
Back
$1.50
4.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a percentage of the sale price that is added to the cost of a product or service.
5.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the sale price by the tax rate (as a decimal).
6.
FLASHCARD QUESTION
Front
If a TV costs $899 and the tax rate is 6.5%, how much tax do you pay?
Back
$58.43
7.
FLASHCARD QUESTION
Front
What does it mean when a price is marked up?
Back
A markup is an increase in the original price of a product or service.
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