Topic 3 Test

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods or services that is collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the tax rate (as a decimal). For example, for a $899 TV with a 6.5% tax rate: $899 x 0.065 = $58.44.

Tags

CCSS.6.RP.A.3C

Front

What is percent error?

Back

Percent error is a measure of how inaccurate a measurement is, expressed as a percentage of the actual value. It is calculated as: |(Estimated Value - Actual Value) / Actual Value| x 100.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate percent error?

Back

To calculate percent error, subtract the actual value from the estimated value, take the absolute value, divide by the actual value, and multiply by 100.

Tags

CCSS.6.RP.A.3C

Front

What is simple interest?

Back

Simple interest is the interest calculated on the principal amount only, not on the interest accrued over time.

Tags

CCSS.7.RP.A.3

Front

How do you calculate simple interest?

Back

Simple interest can be calculated using the formula: Interest = Principal x Rate x Time.

Tags

CCSS.7.RP.A.3

Front

What is percent of change?

Back

Percent of change is a way to express the change in a quantity as a percentage of the original amount. It can be an increase or decrease.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate percent of change?

Back

To calculate percent of change, subtract the original value from the new value, divide by the original value, and multiply by 100.

Tags

CCSS.6.RP.A.3C

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service, often expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price, subtract the discount amount from the original price. Discount amount = Original Price x Discount Rate.

Tags

CCSS.6.RP.A.3C