Unit 4 Recreation and Spending

Front

What is the formula to calculate the total cost after applying a discount?

Back

Total Cost = Original Price - (Original Price * Discount Rate)

Front

If an item costs $100 and has a 20% discount, how much do you pay?

Back

You pay $80.

Front

What is the formula to calculate sales tax on a purchase?

Back

Sales Tax = Purchase Price * Sales Tax Rate

Front

If you buy a $50 item with a 7% sales tax, what is the total cost?

Back

Total Cost = $50 + ($50 * 0.07) = $53.50.

Front

What is the purpose of sales tax?

Back

To generate revenue for government services.

Front

How do you calculate the tip based on a service charge?

Back

Tip = Service Charge * Tip Rate

Front

If a service charge is $80 and you tip 15%, how much is the tip?

Back

Tip = $80 * 0.15 = $12.

Front

What is the total amount paid if the service charge is $80, sales tax is 8%, and a 15% tip is added?

Back

Total = $80 + ($80 * 0.08) + ($80 * 0.15) = $80 + $6.40 + $12 = $98.40.

Front

How do you calculate the savings from a coupon?

Back

Savings = Original Price * Coupon Discount Rate

Front

If an item costs $60 and you have a 25% off coupon, how much do you save?

Back

You save $15.