Tax, Tip, Discount, Commission
Flashcard
•
Mathematics
•
7th Grade
•
Hard
+7
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a tax?
Back
A tax is a mandatory financial charge or levy imposed by a government on individuals or businesses to fund public services and infrastructure.
Tags
CCSS.RI.7.5
CCSS.RI.7.3
CCSS.RI.8.3
CCSS.RI.6.3
CCSS.RI.8.5
2.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal). For example, for a $100 item with a 6.5% tax rate, the tax is $100 x 0.065 = $6.50.
Tags
CCSS.7.RP.A.3
3.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a sum of money given to service workers (like waiters) as a reward for good service, usually calculated as a percentage of the total bill.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate a tip?
Back
To calculate a tip, multiply the total bill by the tip percentage (as a decimal). For example, for a $50 bill with a 20% tip, the tip is $50 x 0.20 = $10.
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the price of a product or service, often expressed as a percentage of the original price.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
How do you calculate a discount?
Back
To calculate a discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.
Tags
CCSS.6.RP.A.3B
7.
FLASHCARD QUESTION
Front
What is a commission?
Back
A commission is a fee paid to an agent or employee for facilitating a sale, usually calculated as a percentage of the sale amount.
Tags
CCSS.6.RP.A.3C
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