Sales Tax, Discount and Tip

Front

What is sales tax?

Back

A sales tax is a percentage of the sale price added to the cost of a product or service, collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

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How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (as a decimal). For example, for a $100 item with a 7% sales tax: $100 x 0.07 = $7.

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CCSS.7.RP.A.3

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

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How do you calculate the final price after a discount?

Back

To calculate the final price after a discount, subtract the discount amount from the original price. For example, if an item costs $50 and has a 20% discount: $50 - ($50 x 0.20) = $40.

Tags

CCSS.6.RP.A.3C

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What is a tip?

Back

A tip is a small amount of money given to service workers (like waiters) as a reward for good service, usually expressed as a percentage of the total bill.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal). For example, for a $30 bill with a 15% tip: $30 x 0.15 = $4.50.

Tags

CCSS.6.RP.A.3C

Front

What is 40% written as a decimal?

Back

0.4

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What is 4% written as a decimal?

Back

0.04

Front

If a phone costs $649.00 and the sales tax is 7%, how much is the sales tax?

Back

$45.43

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CCSS.6.RP.A.3D

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If a jacket costs $85.00 and is on sale for 40% off, what is the sale price?

Back

$51.00

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CCSS.6.RP.A.3C