Tax, Tip, and Discount Flashcard

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage × Original Price)

Front

If a dress costs $80 and is marked down by 30%, what is the discount amount?

Back

Discount Amount = 30% of $80 = $24.

Front

What is the sale price of a dress originally priced at $80 after a 30% discount?

Back

Sale Price = $80 - $24 = $56.

Front

What does it mean to subtract a discount from a price?

Back

It means to take away the discount amount from the original price to find the sale price.

Front

If an item is on sale for 20% off and the original price is $600, what is the discount amount?

Back

Discount Amount = 20% of $600 = $120.

Front

What is the sale price of an item that costs $600 with a 20% discount?

Back

Sale Price = $600 - $120 = $480.

Front

How do you find the original price if you know the sale price and the discount percentage?

Back

Original Price = Sale Price / (1 - Discount Percentage)

Front

If a bracelet costs $36 after a 25% discount, what is the original price?

Back

Original Price = $36 / (1 - 0.25) = $48.

Front

What is the formula to calculate the discount amount?

Back

Discount Amount = Discount Percentage × Original Price.