Sales tax and discounts

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price that is added to the cost of a product or service, collected by the seller and paid to the government.

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the original price by the sales tax rate (as a decimal) and then add that amount to the original price.

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

Convert 7% to a decimal.

Back

0.07

Front

Round $18.90843 to the nearest cent.

Back

$18.91

Front

If an item costs $700 and has a 30% discount, what is the new price?

Back

$490

Front

What is the formula to find the discount amount?

Back

Discount Amount = Original Price x Discount Rate (as a decimal).

Front

If Kaylee buys a calculator for $65 with a 15% discount, how much does she pay?

Back

$55.25

Front

Find the discount price for an item originally priced at $18.00 with a 10% discount.

Back

$16.20