Sales Tax/Discount

Front

What is sales tax?

Back

A 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 the amount of sales tax?

Back

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

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CCSS.6.RP.A.3D

Front

If an item costs $50 and the sales tax is 8%, what is the sales tax amount?

Back

$4.00

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CCSS.6.RP.A.3C

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

Front

How do you calculate the amount saved from a discount?

Back

To calculate the amount saved, multiply the original price by the discount rate (as a decimal).

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CCSS.6.RP.A.3B

Front

If you receive a 20% discount on an item that costs $30, how much do you save?

Back

$6.00

Tags

CCSS.6.RP.A.3C

Front

What is the final price after applying a discount?

Back

The final price is the original price minus the amount saved from the discount.

Tags

CCSS.6.RP.A.3C

Front

If an item costs $40 and has a 15% discount, what is the final price?

Back

$34.00

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the total cost including sales tax?

Back

Total Cost = Price + (Price x Sales Tax Rate) or Total Cost = Price x (1 + Sales Tax Rate).

Tags

CCSS.6.RP.A.3D

Front

If a shirt costs $25 and the sales tax is 10%, what is the total cost?

Back

$27.50

Tags

CCSS.6.RP.A.3C