Percent Discount and Tax

Front

What is a percent discount?

Back

A percent discount is a reduction from the original price of an item, expressed as a percentage of that price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the selling price after a markup?

Back

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

Tags

CCSS.6.RP.A.3C

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their services, typically calculated as a percentage of the total bill.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate a tip amount?

Back

Tip Amount = Total Bill × Tip Percentage

Tags

CCSS.6.RP.A.3C

Front

What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Original Price + (Sales Tax Rate × Original Price)

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the total cost after tax and tip?

Back

Total Cost = (Dinner Cost + Tax) + Tip

Tags

CCSS.7.EE.B.3

Front

If a dinner bill is $50 and the tax rate is 8%, what is the tax amount?

Back

Tax Amount = $50 × 0.08 = $4.00

Tags

CCSS.6.RP.A.3C

Front

If a computer costs $600 and the sales tax is 5%, what is the total cost?

Back

Total Cost = $600 + ($600 × 0.05) = $630

Tags

CCSS.6.RP.A.3C

Front

What is the difference between markup and discount?

Back

Markup is the amount added to the cost price to determine the selling price, while discount is the reduction from the selling price.

Tags

CCSS.6.RP.A.3B