Sales Tax Tip Commission Discount

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is added to the purchase price and collected by the seller.

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 then add that amount to the original price.

Tags

CCSS.6.RP.A.3D

Front

What is a commission?

Back

A commission is a fee paid to an employee or agent for services rendered, typically calculated as a percentage of the sales they generate.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate commission earned?

Back

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

Tags

CCSS.6.RP.A.3B

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

Front

How do you calculate the final price after a discount?

Back

To calculate the final price after a discount, subtract the discount amount from the original price.

Tags

CCSS.7.EE.B.3

Front

What is the formula for calculating interest?

Back

The formula for calculating simple interest is: Interest = Principal x Rate x Time.

Tags

CCSS.7.RP.A.3

Front

How do you calculate the tip amount?

Back

To calculate the tip amount, multiply the total bill by the tip percentage (as a decimal).

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating total cost with tax?

Back

Total Cost = Original Price + (Original Price x Sales Tax Rate).

Tags

CCSS.6.RP.A.3B

Front

If a sofa costs $599.99 and the sales tax is 6%, what is the total cost?

Back

Total Cost = $599.99 + ($599.99 x 0.06) = $635.99.

Tags

CCSS.6.RP.A.3C