Taxes, Tip, Markup, Discount, Markdown

Front

Sales tax is __________ to the price.

Back

added

Front

A pair of boots are $94.99. They are 25% off. What is the sale price?

Back

$71.24

Front

Markup is the amount that the price of an item is increased by. True or False?

Back

True

Front

Find the total cost of a $20 meal with a 9% sales tax and a 20% gratuity after the sales tax has been added.

Back

$26.16

Front

If you receive 25% off an item costing $22.00, how much money do you save?

Back

$5.50

Front

What is a discount?

Back

A reduction in the price of an item.

Front

What does 'markup' mean in pricing?

Back

The amount added to the cost price of goods to cover overhead and profit.

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage × Original Price)

Front

What is a markdown?

Back

A reduction in the original selling price of a product.

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Price × Sales Tax Rate.