Tax, Tip, Discount Flashcard Review

Front

A water bottle costs $9.45. Sales tax is 7%. What is the total cost?

Back

$10.11

Front

Tax is a percentage of the cost that is __________ to the total.

Back

Added

Front

New ear buds cost $48. There is a 10% discount. What is the new cost?

Back

$43.20

Front

Discount is a percentage of the cost that is __________ from the total.

Back

Subtracted

Front

A store has a sale for 15% off. You want a jacket that was originally $45. How much will your discount be?

Back

$6.75

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Cost x Tax Rate

Front

If an item costs $100 and has a 20% discount, what is the final price?

Back

$80

Front

What does it mean to apply a discount?

Back

To reduce the original price by a certain percentage.

Front

How do you calculate the total cost after tax?

Back

Total Cost = Original Price + Sales Tax

Front

What is a tip and how is it usually calculated?

Back

A tip is a percentage of the total bill, often around 15-20%.