Markup and Markdown

Flashcard
•
Mathematics
•
7th Grade
•
Hard
+2
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a percentage of the sale price that is added to the total cost of a purchase, collected by the seller and paid to the government.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate the total cost with sales tax?
Back
To calculate the total cost with sales tax, multiply the price by the sales tax rate (as a decimal), then add that amount to the original price.
Tags
CCSS.6.RP.A.3D
3.
FLASHCARD QUESTION
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.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
To calculate the sale price after a discount, multiply the original price by the discount rate (as a decimal), subtract that amount from the original price.
Tags
CCSS.6.RP.A.3B
5.
FLASHCARD QUESTION
Front
What is the formula to find the original price before a discount?
Back
The formula is: Original Price = Sale Price / (1 - Discount Rate).
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If an item costs $100 and has a 20% discount, what is the sale price?
Back
Sale Price = $100 - ($100 * 0.20) = $80.
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What does it mean to round to the nearest cent?
Back
Rounding to the nearest cent means adjusting a monetary amount to the closest hundredth place, ensuring it is expressed in standard currency format.
Tags
CCSS.3.NBT.A.1
CCSS.4.NBT.A.3
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