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.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage × Original Price)

Tags

CCSS.6.RP.A.3C

Front

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

Back

Sale Price = $100 - (0.20 × $100) = $80.

Tags

CCSS.6.RP.A.3C

Front

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

Back

To subtract a discount means to take the discount amount away from the original price to find the sale price.

Tags

CCSS.7.EE.B.3

Front

How do you find the amount of discount on an item?

Back

Discount Amount = Discount Percentage × Original Price.

Tags

CCSS.6.RP.A.3C

Front

If a shirt costs $30 and is 15% off, how much do you save?

Back

You save $4.50 (15% of $30).

Tags

CCSS.6.RP.A.3C

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price that is added to the cost of an item, collected by the seller.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate sales tax?

Back

Sales Tax = Sale Price × Tax Rate.

Tags

CCSS.7.RP.A.3

Front

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

Back

Sales Tax = $500 × 0.08 = $40.

Tags

CCSS.6.RP.A.3C

Front

What is the total cost of an item including tax?

Back

Total Cost = Sale Price + Sales Tax.

Tags

CCSS.6.RP.A.3D