Taxes, Tips, and Discounts

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.

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CCSS.6.RP.A.3C

Front

How do you calculate the amount saved with a discount?

Back

To calculate the amount saved, multiply the original price by the discount percentage (in decimal form).

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CCSS.6.RP.A.3C

Front

If an item costs $50 and has a 20% discount, how much do you save?

Back

You save $10.

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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 expressed as a percentage of the total bill.

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CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

How do you calculate the total bill after adding a tip?

Back

To calculate the total bill, add the tip amount to the original bill amount.

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CCSS.7.EE.B.3

Front

If a restaurant bill is $40 and you leave a 15% tip, how much is the tip?

Back

The tip is $6.

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CCSS.6.RP.A.3C

Front

What is sales tax?

Back

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

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CCSS.6.RP.A.3C

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (in decimal form).

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CCSS.6.RP.A.3B

Front

If a TV costs $500 and the sales tax rate is 8%, how much tax do you pay?

Back

You pay $40 in tax.

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CCSS.6.RP.A.3C

Front

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

Back

Subtracting a discount means reducing the original price by the amount of the discount.

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CCSS.7.EE.B.3