Consumer Application- Tax, Tip, Discount

Front

What is the formula to find the SALE PRICE of an item?

Back

SALE PRICE = Original Price - Discount

Front

How do you calculate the amount saved from a discount?

Back

Amount Saved = Original Price x Discount Percentage

Front

What does tax do to the total cost of an item?

Back

Tax is added to the total cost.

Front

If an item costs $50 and has a 10% tax, what is the total cost?

Back

Total Cost = $50 + ($50 x 0.10) = $55

Front

What is a discount?

Back

A discount is a reduction in the original price of an item.

Front

How do you calculate the total cost after applying a discount?

Back

Total Cost = Original Price - Discount Amount

Front

What is the difference between tax and discount?

Back

Tax is added to the price, while a discount is subtracted from the price.

Front

If a shirt costs $20 and has a 15% discount, what is the new price?

Back

New Price = $20 - ($20 x 0.15) = $17

Front

What is the total cost of a $10 item with a 5% tax?

Back

Total Cost = $10 + ($10 x 0.05) = $10.50

Front

How do you find the discount amount?

Back

Discount Amount = Original Price x Discount Percentage