Sales Tax and Discounts

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price added to the cost 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 total cost after applying a discount?

Back

To calculate the total cost after a discount, subtract the discount amount from the original price. Discount amount = Original price x Discount rate.

Tags

CCSS.6.RP.A.3C

Front

What is a discount rate?

Back

A discount rate is the percentage by which the original price of an item is reduced.

Tags

CCSS.6.RP.A.3C

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 20% = 20 ÷ 100 = 0.20.

Front

What is a tip?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate a tip amount?

Back

To calculate a tip amount, multiply the total bill by the tip percentage. Tip amount = Total bill x Tip rate.

Tags

CCSS.6.RP.A.3C

Front

What is the formula to calculate the final price including sales tax?

Back

Final price = Original price + (Original price x Sales tax rate).

Tags

CCSS.6.RP.A.3C

Front

If a toy costs $40 and has a 15% discount, what is the discount amount?

Back

Discount amount = $40 x 0.15 = $6. Therefore, the final price is $40 - $6 = $34.

Tags

CCSS.6.RP.A.3C

Front

How do you find the sales tax amount on a purchase?

Back

Sales tax amount = Original price x Sales tax rate.

Tags

CCSS.6.RP.A.3C

Front

What is the difference between a discount and a sales tax?

Back

A discount reduces the price of an item, while sales tax is an additional charge added to the price.

Tags

CCSS.6.RP.A.3D