Tax, Tip and Discounts

Front

What is sales tax?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 8.15% becomes 0.0815.

Front

What is a discount?

Back

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

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CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price, subtract the discount amount from the original price. Sale Price = Original Price - Discount Amount.

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CCSS.6.RP.A.3B

Front

What is the formula to find the discount amount?

Back

Discount Amount = Original Price x Discount Rate.

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CCSS.6.RP.A.3C

Front

If an item costs $100 and has a 20% discount, what is the discount amount?

Back

The discount amount is $20.

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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, 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. Tip = Total Bill x Tip Percentage.

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CCSS.6.RP.A.3C

Front

If your bill is $50 and you want to leave a 15% tip, how much should you tip?

Back

You should tip $7.50.

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CCSS.6.RP.A.3C

Front

What is the final price after applying a 35% discount on a $124.50 purchase?

Back

The final price is $80.92.

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CCSS.6.RP.A.3C