Calculating Tax, Tip, Discount, and Markup

What is the main objective of the lesson?

• To learn how to calculate the area of a circle

• To understand the concepts of tax, tip, discount, and markup

• To memorize multiplication tables

• To solve quadratic equations

Tags

CCSS.7.RP.A.3

What is sales tax an example of?

• Discount

• Fixed amount

• Percent of increase

• Percent of decrease

Tags

CCSS.6.RP.A.3C

When do you typically leave a tip?

• When buying groceries

• When paying for gas

• When purchasing clothes

• When receiving a service like dining at a restaurant

Tags

CCSS.6.RP.A.3B

What is a discount?

• An additional charge on the original price

• A percent of increase

• A fixed amount added to the original price

• A percent of decrease subtracted from the original price

Tags

CCSS.6.RP.A.3C

How much is the total cost of a skateboard priced at $43 with a 6% sales tax?

• $50.00

• $40.42

• $43.00

• $45.58

Tags

CCSS.6.RP.A.3C

What is the amount of a 15% tip on an $86 restaurant bill?

• $15.00

• $12.90

• $8.60

• $10.00

Tags

CCSS.6.RP.A.3C

If an iPhone originally costs $699 and is discounted by 35%, what is the sale price?

• $500.00

• $244.65

• $699.00

• $454.35

Tags

CCSS.6.RP.A.3C

What is the markup percentage if a store owner buys sneakers for $43 and sells them for $62.35?

• 45%

• 35%

• 50%

• 25%

Tags

CCSS.6.RP.A.3C

How do you calculate the final price of an item with a markup?

• Add the markup percentage to the original price

• Subtract the markup percentage from the original price

• Multiply the original price by the markup percentage

• Divide the original price by the markup percentage

Tags

CCSS.6.RP.A.3C

What is the final price of sneakers bought for $43 with a 45% markup?

• $43.00

• $50.00

• $62.35

• $19.35

Tags

CCSS.6.RP.A.3C