Tax, Tip, Discount, Commission
Flashcard
•
Mathematics
•
7th Grade
•
Hard
+3
Standards-aligned
Wayground Content
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14 questions
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1.
FLASHCARD QUESTION
Front
What is tax?
Back
A tax is a mandatory financial charge or levy imposed by a government on individuals or businesses to fund public services and infrastructure.
2.
FLASHCARD QUESTION
Front
How do you calculate tax on a purchase?
Back
To calculate tax, multiply the purchase price by the tax rate (as a decimal). For example, for a $100 item with a 6.5% tax rate, the tax is $100 x 0.065 = $6.50.
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a sum of money given to service workers (like waiters) as a reward for good service, typically calculated as a percentage of the total bill.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
FLASHCARD QUESTION
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 20% tip, the tip is $50 x 0.20 = $10.
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the price of a product or service, often expressed as a percentage off the original price.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
How do you calculate the final price after a discount?
Back
To calculate the final price after a discount, subtract the discount amount from the original price. For example, if an item costs $100 and has a 25% discount, the discount is $100 x 0.25 = $25, so the final price is $100 - $25 = $75.
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is commission?
Back
Commission is a fee paid to an employee or agent for their services, typically calculated as a percentage of the sales they generate.
Tags
CCSS.6.RP.A.3C
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