Sales Tax Tip Commission Discount

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the original price by the sales tax rate and then add that amount to the original price.

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CCSS.6.RP.A.3D

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price after a discount, subtract the discount amount from the original price.

Tags

CCSS.6.RP.A.3B

Front

What is a commission?

Back

A commission is a fee paid to an employee or agent for services rendered, typically calculated as a percentage of sales.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate commission earned?

Back

To calculate commission earned, multiply the total sales amount by the commission rate.

Tags

CCSS.7.RP.A.3

Front

What is interest in the context of borrowing money?

Back

Interest is the cost of borrowing money, usually expressed as a percentage of the amount borrowed.

Tags

CCSS.7.RP.A.3

Front

How do you calculate simple interest?

Back

Simple interest can be calculated using the formula: Interest = Principal x Rate x Time.

Tags

CCSS.7.RP.A.3

Front

What is the principal in a loan?

Back

The principal is the original sum of money borrowed or invested, excluding any interest or fees.

Tags

CCSS.7.RP.A.3

Front

What does it mean to borrow money at a certain percentage?

Back

Borrowing money at a certain percentage means that the lender charges interest on the amount borrowed, calculated as a percentage of the principal.

Tags

CCSS.6.RP.A.3C