Sale Tax, Tip, Discount, Commission

Flashcard
•
Mathematics
•
7th Grade
•
Hard
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a percentage of the sale price of goods and services that is collected by the seller and paid to the government.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal). For example, for a $100 item with a 6.5% tax rate: $100 x 0.065 = $6.50.
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a small amount of money given to someone for their service, typically in the restaurant industry.
Tags
CCSS.6.RP.A.3B
4.
FLASHCARD QUESTION
Front
How do you calculate a tip?
Back
To calculate a tip, multiply the total bill by the tip percentage (as a decimal). For example, for a $50 bill with a 20% tip: $50 x 0.20 = $10.
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the price of a product or service, often expressed as a percentage.
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
How do you calculate a discount?
Back
To calculate a discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.
Tags
CCSS.6.RP.A.3B
7.
FLASHCARD QUESTION
Front
What is commission?
Back
Commission is a fee paid to an employee or agent for their services, usually calculated as a percentage of the sales they generate.
Tags
CCSS.6.RP.A.3C
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