Sales Tax and Tip

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.

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CCSS.6.RP.A.3C

Front

How do you calculate the final price including sales tax?

Back

Final Price = Original Price + (Original Price x Sales Tax Rate).

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CCSS.6.RP.A.3C

Front

If a T.V. costs $990 and the sales tax is 9%, what is the final price?

Back

$1,079.10

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CCSS.6.RP.A.3C

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?

Back

Tip = Total Bill x Tip Percentage.

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CCSS.7.RP.A.3

Front

If your bill is $57.83 and you leave a 30% tip, what is the total amount you pay?

Back

$75.40

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CCSS.6.RP.A.3C

Front

What is the sales tax rate in the example of a $899 TV with a 6.5% tax?

Back

6.5%.

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CCSS.6.RP.A.3C

Front

How much sales tax do you pay on a $899 TV with a 6.5% tax rate?

Back

$58.44.

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CCSS.6.RP.A.3C

Front

When do you round the total up or down?

Back

You round the total up or down when calculating tips.

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CCSS.5.NBT.A.4

Front

If a raincoat costs $39.99 and has a sales tax of 7%, what is the final price?

Back

$42.79.

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CCSS.6.RP.A.3C