Taxes, Tips, Markups, Discounts

Taxes, Tips, Markups, Discounts

Assessment

Flashcard

Mathematics

7th - 8th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a discount?

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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