Tax Tip Discount

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal) and subtract that amount from the original price.

Front

What is the formula to find the sale price after a discount?

Back

Sale Price = Original Price - Discount Amount.

Front

If an item costs $50 and has a 20% discount, what is the discount amount?

Back

$10.

Front

If an item costs $50 and has a 20% discount, what is the sale price?

Back

$40.

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price that is added to the total cost of a purchase.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal).

Front

If you spend $100 and the sales tax is 6%, how much tax do you pay?

Back

$6.

Front

If you spend $100 and the sales tax is 6%, what is the total amount spent?

Back

$106.

Front

What does it mean to subtract a discount from the price?

Back

It means to take the discount amount away from the original price to find the sale price.