
Discount, Markup, Tax, and Tip
Flashcard
•
Mathematics
•
6th - 7th Grade
•
Practice Problem
•
Hard
Wayground Content
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14 questions
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1.
FLASHCARD QUESTION
Front
Sales tax is __________ to the price.
Back
added
2.
FLASHCARD QUESTION
Front
What is a discount?
Back
A reduction in the price of a product or service.
3.
FLASHCARD QUESTION
Front
What is markup?
Back
The amount added to the cost price of goods to cover overhead and profit.
4.
FLASHCARD QUESTION
Front
What is a tip?
Back
A small amount of money given to someone for their services, typically in the hospitality industry.
5.
FLASHCARD QUESTION
Front
What is the formula to calculate the final price after a discount?
Back
Final Price = Original Price - (Original Price × Discount Rate)
6.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
Sales Tax = Price × Sales Tax Rate
7.
FLASHCARD QUESTION
Front
If a meal costs $12 and you leave a 20% tip, how much is the tip?
Back
Tip = $12 × 0.20 = $2.40
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