Tax Tip Discount Practice

Tax Tip Discount Practice

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

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.

2.

FLASHCARD QUESTION

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).

3.

FLASHCARD QUESTION

Front

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

Back

New Price = Original Price - Discount Amount.

4.

FLASHCARD QUESTION

Front

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

Back

The discount amount is $9.81.

5.

FLASHCARD QUESTION

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.

6.

FLASHCARD QUESTION

Front

How do you calculate the total cost including sales tax?

Back

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

7.

FLASHCARD QUESTION

Front

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

Back

The total cost is $722.25.

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