Sales Tax, Tips & Discounts

Front

What is sales tax?

Back

A sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the tip amount?

Back

To calculate the tip amount, multiply the total bill by the tip percentage (as a decimal). For example, for a $20 bill with a 20% tip: $20 x 0.20 = $4.

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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.

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CCSS.6.RP.A.3C

Front

How do you find the sale price after a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

What is the formula to calculate the discount amount?

Back

Discount Amount = Original Price x Discount Percentage (as a decimal).

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CCSS.6.RP.A.3B

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What does 'subtracted' mean in the context of discounts?

Back

'Subtracted' means to take away a certain amount from the original price.

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CCSS.5.NBT.B.7

Front

Convert 3.5% to a decimal.

Back

0.035

Front

If a pair of jeans costs $24.00 and is on sale for 30% off, what is the sale price?

Back

$16.80

Tags

CCSS.6.RP.A.3C

Front

What is the total cost of a $50 meal with a 15% tip?

Back

Total Cost = Meal Cost + Tip Amount = $50 + ($50 x 0.15) = $57.50.

Tags

CCSS.6.RP.A.3C

Front

What is the difference between a tip and a discount?

Back

A tip is a voluntary extra payment for service, while a discount is a reduction in the price of a product or service.

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CCSS.6.RP.A.3B