Sale Tax, Tip, Discount, Commission

Front

What is sales tax?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal). For example, for a $100 item with a 6.5% tax rate: $100 x 0.065 = $6.50.

Tags

CCSS.6.RP.A.3C

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically in the restaurant industry.

Tags

CCSS.6.RP.A.3B

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: $50 x 0.20 = $10.

Tags

CCSS.6.RP.A.3C

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

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

Front

What is commission?

Back

Commission is a fee paid to an employee or agent for their services, usually calculated as a percentage of the sales they generate.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal). For example, for $1,000 in sales with a 5% commission: $1,000 x 0.05 = $50.

Tags

CCSS.6.RP.A.3C

Front

If an item costs $100 and the sales tax is 8%, what is the total cost?

Back

Total cost = $100 + ($100 x 0.08) = $100 + $8 = $108.

Tags

CCSS.6.RP.A.3C

Front

If a meal costs $30 and you want to leave a 15% tip, how much is the tip?

Back

Tip = $30 x 0.15 = $4.50.

Tags

CCSS.6.RP.A.3C