Tip, Tax and Discounts

Front

What is the formula to calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Cost Price × Markup Percentage)

Front

If a store pays $24 for a sweater and marks it up by 50%, what is the selling price?

Back

$36

Front

How do you calculate sales tax on a purchase?

Back

Sales Tax = Purchase Price × Sales Tax Rate

Front

If Cole buys sneakers for $49.56 and the sales tax is 6.5%, how much sales tax does he pay?

Back

$3.22

Front

What is the formula to calculate the discount amount?

Back

Discount Amount = Regular Price × Discount Rate

Front

If a jacket is priced at $62.00 with a 15% discount, what is the discount amount?

Back

$9.30

Front

What is the selling price of an item after applying a markup?

Back

Selling Price = Cost Price + Markup Amount

Front

If a school pays $7.50 for a t-shirt and marks it up by 40%, what is the selling price?

Back

$10.50

Front

How do you calculate the final price after applying a discount?

Back

Final Price = Regular Price - Discount Amount

Front

If John buys a computer for $385 with a 30% discount, what is the final amount he pays?

Back

$269.50