Multi-Step Discounts and Taxes

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What is a multi-step discount?

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A multi-step discount is a pricing strategy where a product is offered at a discount through multiple stages, often involving a percentage off the original price followed by additional discounts or taxes.

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How do you calculate the amount saved from a discount?

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To calculate the amount saved from a discount, multiply the original price by the discount percentage (in decimal form). For example, for a 25% discount on a $22 item: $22 x 0.25 = $5.50 saved.

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What is sales tax?

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Sales tax is a percentage of the sale price that is added to the cost of a product or service, collected by the seller and paid to the government.

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

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First, calculate the discounted price by subtracting the discount from the original price. Then, calculate the sales tax on the discounted price and add it to get the final price.

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If an item costs $100 and has a 20% discount, what is the sale price?

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The sale price is $80. (Calculation: $100 - ($100 x 0.20) = $80.)

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What is the formula to calculate a tip?

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To calculate a tip, multiply the total bill amount by the tip percentage (in decimal form). For example, for an 18% tip on a $75 bill: $75 x 0.18 = $13.50.

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How do you convert a percentage to a decimal?

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To convert a percentage to a decimal, divide the percentage by 100. For example, 25% becomes 0.25.

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What is the total cost of items after applying a discount?

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To find the total cost after a discount, sum the original prices of all items, apply the discount, and then add any applicable sales tax.

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If a product is $50 and has a 10% discount, what is the amount saved?

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The amount saved is $5. (Calculation: $50 x 0.10 = $5.)

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What is the final cost of an item after a 15% discount and 6% sales tax on a $1,000 item?

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The final cost is $1,059. (Calculation: $1,000 - ($1,000 x 0.15) = $850; then $850 + ($850 x 0.06) = $1,059.)