Tax, Tip, Discount, Commission

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.

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

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.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

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

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

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

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

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal). For example, if a salesperson sells $1,000 worth of products with a 10% commission rate, their commission is $1,000 x 0.10 = $100.

Tags

CCSS.6.RP.A.3C

Front

Convert 3.2% into a decimal.

Back

0.032

Front

If a jacket costs $85 and is on sale for 40% off, how much do you pay?

Back

$51

Tags

CCSS.6.RP.A.3C