Sales Tax, Tip, and Discount

Front

What is sales tax?

Back

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

Tags

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 (as a decimal). For example, for a $100 item with a 5% sales tax, the tax is $100 x 0.05 = $5.

Tags

CCSS.6.RP.A.3D

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.8.3

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 $50 bill with a 15% tip, the tip is $50 x 0.15 = $7.50.

Tags

CCSS.6.RP.A.3C

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.

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. For example, if an item costs $100 and has a 20% discount, the discount is $100 x 0.20 = $20, so the sale price is $100 - $20 = $80.

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating commission?

Back

Commission is calculated by multiplying the total sales amount by the commission rate (as a decimal). For example, if a salesperson sells $2000 worth of products at a 10% commission rate, the commission is $2000 x 0.10 = $200.

Tags

CCSS.6.RP.A.3C

Front

If an item costs $80 and has a 25% discount, what is the sale price?

Back

The discount is $80 x 0.25 = $20. The sale price is $80 - $20 = $60.

Tags

CCSS.6.RP.A.3C

Front

What is the final price of an item after adding sales tax?

Back

The final price is calculated by adding the sales tax to the original price. For example, if an item costs $100 and has a 8% sales tax, the final price is $100 + ($100 x 0.08) = $108.

Tags

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 to find the sale price.

Tags

CCSS.7.NS.A.2A

CCSS.7.NS.A.2B