Taxes,Tips & Discounts

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What is sales tax?

Back

Sales tax is a percentage of the purchase price that is added to the total cost of goods or services. It is collected by the seller and paid to the government.

Tags

CCSS.6.RP.A.3C

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How do you calculate the total cost including sales tax?

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

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CCSS.6.RP.A.3D

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What is a discount?

Back

A discount is a reduction in the original price of a product or service, usually expressed as a percentage.

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CCSS.6.RP.A.3C

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How do you find the sale price after a discount?

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To find the sale price, subtract the discount amount from the original price. The discount amount is calculated by multiplying the original price by the discount rate (as a decimal).

Tags

CCSS.6.RP.A.3C

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

Back

The discount amount is $10 (20% of $50). The sale price is $40 ($50 - $10).

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CCSS.6.RP.A.3C

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What is the formula to calculate the total price after tax?

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Total Price = Original Price + (Original Price × Sales Tax Rate)

Tags

CCSS.6.RP.A.3C

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If a backpack costs $35 and the tax is 7%, how much do you pay in total?

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Total cost = $35 + ($35 × 0.07) = $35 + $2.45 = $37.45.

Tags

CCSS.6.RP.A.3C

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What does 'net price' mean?

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Net price is the final price after all discounts and taxes have been applied.

Tags

CCSS.6.RP.A.3C

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How do you convert a percentage to a decimal?

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To convert a percentage to a decimal, divide the percentage by 100. For example, 15% becomes 0.15.

Front

If an item is originally priced at $75 and is on sale for 15% off, what is the discount amount?

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The discount amount is $11.25 (15% of $75).

Tags

CCSS.6.RP.A.3C