Discount, Sales Tax and Tip

Flashcard
•
Mathematics
•
7th Grade
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the original price of a product or service, usually expressed as a percentage.
2.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
Sale Price = Original Price - (Discount Percentage × Original Price)
3.
FLASHCARD QUESTION
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.
4.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
Sales Tax = Sale Price × Tax Rate
5.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a small amount of money given to service workers for their service, usually calculated as a percentage of the total bill.
6.
FLASHCARD QUESTION
Front
How do you calculate a tip?
Back
Tip = Total Bill × Tip Percentage
7.
FLASHCARD QUESTION
Front
If an item costs $100 and has a 20% discount, what is the sale price?
Back
Sale Price = $100 - ($100 × 0.20) = $80
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