Calculating Sales Tax

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 total price including sales tax?

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

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CCSS.6.RP.A.3C

Front

If a product costs $100 and the sales tax is 5%, what is the total cost?

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Total Cost = $100 + ($100 x 0.05) = $105.

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CCSS.6.RP.A.3C

Front

What is the formula to find the sales tax amount?

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Sales Tax Amount = Original Price x Sales Tax Rate.

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CCSS.7.RP.A.3

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If a T.V. costs $990 with a 9% sales tax, how much is the sales tax?

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Sales Tax = $990 x 0.09 = $89.10.

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CCSS.6.RP.A.3C

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What is the final price of an item that costs $990 with a 9% sales tax?

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Final Price = $990 + $89.10 = $1,079.10.

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CCSS.6.RP.A.3C

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How do discounts affect the final price of an item?

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Discounts reduce the original price before calculating sales tax, leading to a lower final price.

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CCSS.6.RP.A.3B

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If a house costs $300,000 and is discounted by 20%, what is the new price?

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New Price = $300,000 - ($300,000 x 0.20) = $240,000.

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CCSS.6.RP.A.3C

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What is the final price of an iPad that costs $850 with an 11% sales tax?

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Final Price = $850 + ($850 x 0.11) = $943.50.

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CCSS.6.RP.A.3C

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If jeans cost $89 with an 11% sales tax, what is the total amount paid?

Back

Total Amount = $89 + ($89 x 0.11) = $98.79.

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CCSS.6.RP.A.3C