What is sales tax?
Tax and Tip

Flashcard
•
Mathematics
•
7th - 8th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Sales tax is a percentage of the price of a product that is added to the total cost at the time of purchase.
2.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal).
3.
FLASHCARD QUESTION
Front
If an item costs $100 and the sales tax rate is 5%, how much is the sales tax?
Back
$5.00
4.
FLASHCARD QUESTION
Front
What is the total cost of an item that costs $200 with a sales tax rate of 8%?
Back
$216.00
5.
FLASHCARD QUESTION
Front
How do you convert a percentage to a decimal?
Back
To convert a percentage to a decimal, divide the percentage by 100.
6.
FLASHCARD QUESTION
Front
Convert 25% into a decimal.
Back
0.25
7.
FLASHCARD QUESTION
Front
What does it mean to 'add' sales tax to a price?
Back
It means to increase the original price by the amount of sales tax calculated.
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