Exploring Sales Tax, Tips, and Markup Concepts

What is the primary purpose of sales tax?

• To increase the price of goods

• To discourage buying

• To provide discounts

• To generate revenue for the government

If Alonzo's kayak costs $2100 and the sales tax is 7%, how much is the sales tax?

• $235

• $210

• $350

• $147

What is the total cost of Alonzo's kayak including the sales tax?

• $2100

• $2247

• $2147

• $2350

Which method involves adding the percent of tax to 100% to find the total cost?

• Method 1

• Method 4

• Method 3

• Method 2

If the regular price of a sweatshirt is $42 and the sales tax is 5.5%, what is the total cost using Method 2?

• $44.31

• $42.55

• $45.00

• $43.10

What is a tip or gratuity?

• A small amount of money given for a service

• An additional tax

• A refund

• A discount on the total bill

If a restaurant bill is $35 and the customer wants to leave a 15% tip, what is the total bill?

• $42.00

• $38.50

• $35.15

• $40.25

How much is the total cost of a spa treatment of $42 with a 6% tax and a 20% tip?

• $45.00

• $48.00

• $52.92

• $50.00

What is the markup if a store pays $56 for a GPS system and marks it up by 25%?

• $14

• $20

• $18

• $10

If a store pays $150 for a basketball backboard and marks it up by 40%, what is the selling price?

• $200

• $210

• $180

• $220