Tax, Tip, Discount, Commission Day 2

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price that is added to the total cost of an item, collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total cost of an item including sales tax?

Back

To calculate the total cost, multiply the item's price by the sales tax rate (as a decimal), then add that amount to the original price.

Tags

CCSS.6.RP.A.3B

Front

If an item costs $100 and the sales tax rate is 6%, what is the total cost?

Back

Total cost = $100 + ($100 * 0.06) = $106.

Tags

CCSS.6.RP.A.3C

Front

What is a tip?

Back

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

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.5

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal).

Tags

CCSS.6.RP.A.3C

Front

If your bill is $50 and you want to leave a 20% tip, how much should you tip?

Back

Tip = $50 * 0.20 = $10.

Tags

CCSS.6.RP.A.3C

Front

What is a discount?

Back

A discount is a reduction in the price of an item, usually expressed as a percentage of the original price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the final price after applying a discount?

Back

To calculate the final price, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

Tags

CCSS.6.RP.A.3C

Front

If an item costs $80 and has a 15% discount, what is the final price?

Back

Final price = $80 - ($80 * 0.15) = $68.

Tags

CCSS.6.RP.A.3C

Front

What is commission?

Back

Commission is a fee paid to an agent or salesperson based on the sales they make, usually expressed as a percentage of the total sales.

Tags

CCSS.6.RP.A.3C