
Sales Tax, Discount, Commission, Gratuity & Simple Interest
Flashcard
•
Mathematics
•
6th - 8th Grade
•
Practice Problem
•
Hard
+5
Standards-aligned
Wayground Content
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16 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a percentage of the price of goods or services that is added to the total cost at the time of purchase.
Tags
CCSS.6.RP.A.3C
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) and then add that amount to the original price.
Tags
CCSS.6.RP.A.3D
3.
FLASHCARD QUESTION
Front
If an item costs $50 and the sales tax is 5%, how much will you pay in total?
Back
Total cost = $50 + ($50 * 0.05) = $52.50.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the price of a product or service, usually expressed as a percentage.
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
How do you calculate the final price after a discount?
Back
To calculate the final price after a discount, subtract the discount amount from the original price.
Tags
CCSS.7.EE.B.3
6.
FLASHCARD QUESTION
Front
If a shirt costs $40 and has a 20% discount, what is the final price?
Back
Final price = $40 - ($40 * 0.20) = $32.
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
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 make.
Tags
CCSS.6.RP.A.3C
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