Sales Tax, Tips & Discounts

Front

What is sales tax?

Back

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

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CCSS.6.RP.A.3C

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost, multiply the original price by the sales tax rate (as a decimal), then add that amount to the original price.

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CCSS.6.RP.A.3D

Front

If an item costs $50 and the sales tax is 5%, what is the total cost?

Back

Total cost = $50 + ($50 * 0.05) = $52.50.

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CCSS.6.RP.A.3C

Front

What is a tip?

Back

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

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CCSS.6.RP.A.3C

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal).

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CCSS.6.RP.A.3C

Front

If your bill is $30 and you want to leave a 20% tip, how much should you tip?

Back

Tip = $30 * 0.20 = $6.

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CCSS.6.RP.A.3C

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, often expressed as a percentage of the original price.

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CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price, subtract the discount amount from the original price.

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CCSS.6.RP.A.3B

Front

If an item costs $80 and has a 25% discount, what is the sale price?

Back

Sale price = $80 - ($80 * 0.25) = $60.

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CCSS.6.RP.A.3C

Front

What is the formula for calculating the final price with sales tax?

Back

Final Price = Original Price + (Original Price * Sales Tax Rate).

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CCSS.6.RP.A.3C