Sales Tax Tip Discount Markup Commission

Front

What is sales tax?

Back

A sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

Front

What is a discount?

Back

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

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.

Tags

CCSS.6.RP.A.3B

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price after markup?

Back

To calculate the selling price after markup, add the markup amount to the cost price.

Tags

CCSS.6.RP.A.3B

Front

What is commission?

Back

Commission is a fee paid to an employee or agent for their services, usually calculated as a percentage of sales.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate commission earned?

Back

To calculate commission earned, multiply the total sales amount by the commission rate.

Tags

CCSS.7.RP.A.3

Front

What is a tip?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total amount paid including a tip?

Back

To calculate the total amount paid including a tip, add the tip amount to the original bill.

Tags

CCSS.7.EE.B.3

Front

If an item costs $100 and has a 15% discount, what is the final price?

Back

The final price is $85. (Calculation: $100 - ($100 * 0.15) = $85)

Tags

CCSS.6.RP.A.3C