New Math 7 Unit 4 Percents Review

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price added to the cost of an item, collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (as a decimal).

Front

If an item costs $39.99 and the sales tax rate is 7%, how much tax do you pay?

Back

$2.80

Front

What does 'discount' mean?

Back

A discount is a reduction in the price of an item.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal) and subtract that amount from the original price.

Front

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

Back

$5.50

Front

What is the final price after applying a discount?

Back

The final price is the original price minus the discount amount.

Front

If an item costs $124.50 and has a 35% discount, what is the final price?

Back

$80.93

Front

What is commission?

Back

Commission is a fee paid to someone for their services, usually calculated as a percentage of the total sales.

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal).