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 goods and services, collected by the seller and paid to the government.

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CCSS.6.RP.A.3C

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 8.25% becomes 0.0825.

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.

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CCSS.6.RP.A.3C

Front

How do you calculate the amount of discount?

Back

To calculate the discount amount, multiply the original price by the discount percentage (in decimal form).

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CCSS.6.RP.A.3B

Front

If a pair of shoes costs $50.00 and has a 20% discount, what is the discount amount?

Back

The discount amount is $10.00.

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CCSS.6.RP.A.3C

Front

What is the formula to calculate the total cost after sales tax?

Back

Total Cost = Original Price + (Original Price x Sales Tax Rate)

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CCSS.7.RP.A.3

Front

If an item costs $17.95 and the sales tax is 6%, what is the total cost?

Back

The total cost is $19.03.

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CCSS.6.RP.A.3C

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What is the sale price after applying a discount?

Back

Sale Price = Original Price - Discount Amount.

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CCSS.6.RP.A.3C

Front

If jeans originally cost $24.00 and are on a 30% off sale, what is the sale price?

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The sale price is $16.80.

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CCSS.6.RP.A.3C

Front

How do you find the final price after a discount?

Back

Subtract the discount amount from the original price.

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CCSS.6.RP.A.3C