Sales Tax and Discount

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.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal).

Front

If an item costs $100 and the sales tax is 8%, how much is the sales tax?

Back

$8.00

Front

What is a discount?

Back

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

Front

How do you calculate the final price after a discount?

Back

To calculate the final price after a discount, subtract the discount amount from the original price.

Front

If an item costs $50 and has a 20% discount, what is the discount amount?

Back

$10.00

Front

What is the formula to find the discount price?

Back

Discount Price = Original Price - (Original Price x Discount Rate)

Front

Convert 8.25% to a decimal.

Back

0.0825

Front

Convert 15% to a decimal.

Back

0.15

Front

If a calculator costs $65 and has a 15% discount, what is the final price?

Back

$55.25