Percent Sales Tax & Discount

Front

What is sales tax?

Back

A sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Original Price + (Original Price × Sales Tax Rate)

Front

If a product costs $100 and the sales tax is 6%, what is the total cost?

Back

Total Cost = $100 + ($100 × 0.06) = $106.

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, usually expressed as a percentage.

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a shirt originally costs $50 and has a 20% discount, what is the sale price?

Back

Sale Price = $50 - ($50 × 0.20) = $40.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, often expressed as a percentage of the total bill.

Front

How do you calculate a tip?

Back

Tip = Total Bill × Tip Rate

Front

If a dinner bill is $30 and you want to leave a 15% tip, how much is the tip?

Back

Tip = $30 × 0.15 = $4.50.

Front

What does it mean to round a number?

Back

Rounding a number means adjusting it to a nearby value that is simpler or more convenient, often to a specific decimal place.