Tax, Tip & Discount

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.

Tags

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 (expressed as a decimal). For example, for a 15% tip on a $100 bill, you would calculate 100 x 0.15 = $15.

Tags

CCSS.6.RP.A.3C

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service.

Tags

CCSS.6.RP.A.3C

Front

How is a discount applied to a price?

Back

A discount is subtracted from the original price to determine the sale price.

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

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

Tags

CCSS.6.RP.A.3B

Front

What is the formula for calculating the sale price after a discount?

Back

Sale Price = Original Price - Discount Amount.

Tags

CCSS.6.RP.A.3C

Front

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

Back

Sale Price = $50 - ($50 x 0.20) = $50 - $10 = $40.

Tags

CCSS.6.RP.A.3C

Front

What is the total amount paid if an item costs $100, has a 10% sales tax, and a $5 shipping fee?

Back

Total Amount = $100 + ($100 x 0.10) + $5 = $100 + $10 + $5 = $115.

Tags

CCSS.6.RP.A.3C

Front

How do you find the percentage of a number?

Back

To find the percentage of a number, multiply the number by the percentage (as a decimal). For example, to find 25% of 200, calculate 200 x 0.25 = 50.

Tags

CCSS.6.RP.A.3C