Tax, Tip, Discount, Commission and Markup Review

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.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Original Price × Discount Percentage)

Tags

CCSS.6.RP.A.3C

Front

What is a markup?

Back

A markup is an increase in the original price of a product or service, often expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price after a markup?

Back

Selling Price = Original Price + (Original Price × Markup Percentage)

Tags

CCSS.6.RP.A.3C

Front

What is a tip?

Back

A tip is a small amount of money given to service workers, typically calculated as a percentage of the total bill.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total cost of a meal including a tip?

Back

Total Cost = Meal Cost + (Meal Cost × Tip Percentage)

Tags

CCSS.6.RP.A.3C

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.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total price including sales tax?

Back

Total Price = Original Price + (Original Price × Sales Tax Percentage)

Tags

CCSS.6.RP.A.3C

Front

What does '33% off' mean?

Back

'33% off' means that the price is reduced by 33% of the original price.

Tags

CCSS.6.RP.A.3C

Front

How do you find the amount of a discount?

Back

Discount Amount = Original Price × Discount Percentage

Tags

CCSS.6.RP.A.3C