Sales Tax

Front

What is sales tax?

Back

Sales tax is a percentage of the price of a product that is added to the total cost at the time of purchase.

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CCSS.6.RP.A.3C

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost, multiply the price of the item by the sales tax rate, then add that amount to the original price.

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CCSS.7.RP.A.3

Front

If an item costs $50 and the sales tax is 8%, what is the total cost?

Back

Total cost = $50 + ($50 * 0.08) = $54.

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CCSS.6.RP.A.3C

Front

What does it mean to convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100.

Front

Convert 5% as a decimal.

Back

0.05

Front

If a shirt costs $20 and the sales tax is 10%, how much is the sales tax?

Back

Sales tax = $20 * 0.10 = $2.

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CCSS.6.RP.A.3C

Front

What is the total cost of the shirt including sales tax?

Back

Total cost = $20 + $2 = $22.

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CCSS.7.EE.B.3

Front

What is the formula to find the sales tax amount?

Back

Sales Tax Amount = Price of Item * Sales Tax Rate.

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CCSS.7.RP.A.3

Front

If a video game costs $60 and the sales tax is 6%, what is the total cost?

Back

Total cost = $60 + ($60 * 0.06) = $63.60.

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CCSS.6.RP.A.3C

Front

What happens to the total cost if the sales tax rate increases?

Back

The total cost will increase because a higher percentage of the price is added as tax.

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CCSS.7.RP.A.3