2.6 - Sales Tax, Tips, Markup

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, collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the original price by the sales tax rate (as a decimal), then add that amount to the original price.

Tags

CCSS.6.RP.A.3D

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically calculated as a percentage of the total bill.

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.5

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal) and add that amount to the original bill.

Tags

CCSS.6.RP.A.3C

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage of the cost price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price with markup?

Back

To calculate the selling price with markup, multiply the cost price by the markup percentage (as a decimal), then add that amount to the cost price.

Tags

CCSS.6.RP.A.3B

Front

If a pair of shoes costs $46 and has a sales tax of 2.9%, what is the total cost?

Back

$47.33

Tags

CCSS.7.RP.A.3

Front

If you have a $58 bill and want to leave a 20% tip, what is the total bill?

Back

$69.60

Tags

CCSS.6.RP.A.3C

Front

If you spend $28 on lunch and leave a 15% tip, what is the total bill?

Back

$32.20

Tags

CCSS.6.RP.A.3C

Front

If a computer costs $1,500 and the sales tax is 7%, what is the total cost?

Back

$1,605

Tags

CCSS.6.RP.A.3C