Discounts, percents, markups

Front

What is a percent?

Back

A percent is a way to express a number as a fraction of 100. It is often used to compare ratios and express discounts, tax rates, and interest rates.

Front

How do you calculate the sales tax on an item?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal). Add the sales tax to the original price to find the total cost.

Tags

CCSS.6.RP.A.3B

Front

What is a discount?

Back

A discount is a reduction in the original price of an item, usually expressed as a percentage. It lowers the amount you pay.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

To find the sale price, subtract the discount amount from the original price. The discount amount is calculated by multiplying the original price by the discount rate (as a decimal).

Tags

CCSS.6.RP.A.3B

Front

What is a markup?

Back

A markup is an increase in the original price of an item, usually expressed as a percentage. It is added to the cost price to determine the selling price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the markup on an item?

Back

To calculate markup, multiply the cost price by the markup rate (as a decimal) and add that amount to the cost price.

Tags

CCSS.6.RP.A.3B

Front

If an item costs $50 and has a 20% discount, what is the sale price?

Back

The discount amount is $10 (20% of $50). The sale price is $40 ($50 - $10).

Tags

CCSS.6.RP.A.3C

Front

If a shirt costs $30 and the sales tax is 5%, what is the total cost?

Back

The sales tax is $1.50 (5% of $30). The total cost is $31.50 ($30 + $1.50).

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the percent of a number?

Back

The formula to find the percent of a number is: Percent = (Part/Whole) x 100.

Front

How do you find the original price before a discount?

Back

To find the original price, divide the sale price by (1 - discount rate). For example, if the sale price is $70 after a 30% discount, the original price is $100.

Tags

CCSS.6.RP.A.3C