Sales Tax Practice

Shopping

With tax, coupon, shipping fees, etc.

When businesses sell an item at a lower price than the original price, it is called a markdown.

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Markdown

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Lamar purchases comic books at garage sales and marks them up 75% before reselling them to comic book dealers. If Lamar purchases a comic book at a garage sale for $4, how much will he charge the comic book dealer for it?

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Carlos purchased an antique chair for $15. He later sold the chair for $27 to an antique dealer. What was the percent markup of the chair?

Sales tax is a percentage of the selling price of a good or service which is added to the price.

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Sales Tax

Draw

Calculate the cost of an item that costs $50 with a sales tax rate of 8.25%.

Multiple Choice

Cassie wants to buy a pair of shoes for $26.50 and a shirt for $9.50. If the sales tax rate is 8.25%, what will be the amount of sales tax rate on Cassie's purchase?

• 2.89

• 2.97

• 3.06

• 3.13

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A refrigerator is priced at $525.50 . There is a 6% sales tax. What is the sales tax for the refrigerator in dollars and cents?

Multiple Choice

Select the correct answer choice

• F

• G

• H

• H

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Carson’s favorite store is having a sale. All clothing is 40% off, and Carson has a coupon for another $10 off his purchase. He buys a sweater for $65.99. How much does Carson pay for the sweater after the discounts?