Cash Purchase Flashcard 1

Front

What is the formula to calculate the unit price?

Back

Unit Price = Total Price / Quantity

Front

If I paid $15.00 for 6 gallons of gasoline, what is the price per gallon?

Back

$2.50

Front

How do you calculate the total purchase price including tax?

Back

Total Purchase Price = Selling Price + (Selling Price * Tax Rate)

Front

What is the total purchase price of hiking boots priced at $159.95 with a 5% state tax?

Back

$167.95

Front

What is the total purchase price of a Blu-ray player priced at $195.55 with a 5.5% state tax and 1% city tax?

Back

$208.26

Front

Sales tax is __________ to the price.

Back

added

Front

What is the unit price of $97.50 for 15 pizzas?

Back

$6.50 per pizza

Front

If an item costs $100 and the sales tax is 8%, what is the total cost?

Back

$108.00

Front

What does 'unit price' mean?

Back

The cost per single unit of a product.

Front

How do you find the total tax amount on a purchase?

Back

Total Tax = Selling Price * Tax Rate