Consumer Applications - Tips, Taxes, Discounts

Flashcard
•
Mathematics
•
8th Grade
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a discount?
Back
A reduction in the original price of a product or service.
2.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
Subtract the discount amount from the original price.
3.
FLASHCARD QUESTION
Front
What is the formula to calculate a percentage of a number?
Back
Percentage = (Part/Whole) x 100.
4.
FLASHCARD QUESTION
Front
If an item costs $50 and is on sale for 20% off, what is the discount amount?
Back
$10.
5.
FLASHCARD QUESTION
Front
What is sales tax?
Back
A tax imposed by the government on the sale of goods and services.
6.
FLASHCARD QUESTION
Front
How do you calculate the total price including sales tax?
Back
Total Price = Original Price + (Original Price x Sales Tax Rate).
7.
FLASHCARD QUESTION
Front
What is a markup?
Back
The amount added to the cost price of goods to cover overhead and profit.
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