Tax Tip Discount Practice

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.

Front

How do you calculate the amount of a discount?

Back

To calculate the discount amount, multiply the original price by the discount percentage (in decimal form).

Front

What is the formula to find the new price after a discount?

Back

New Price = Original Price - Discount Amount.

Front

If a jacket costs $32.70 and has a 30% discount, what is the discount amount?

Back

The discount amount is $9.81.

Front

What is sales tax?

Back

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

Front

How do you calculate the total cost including sales tax?

Back

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

Front

If a computer costs $675 and the sales tax is 7%, what is the total cost?

Back

The total cost is $722.25.

Front

What is the difference between discount and sales tax?

Back

A discount reduces the price of an item, while sales tax is an additional charge on the price.

Front

If an iPhone 6S costs $449 with a 15% discount, what is the new cost?

Back

The new cost is $381.65.

Front

How do you find the percentage of a number?

Back

To find the percentage of a number, multiply the number by the percentage (in decimal form).