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Sales Tax, Tips, and Discounts

Sales Tax, Tips, and Discounts

Assessment

Flashcard

•

Mathematics

•

5th - 12th Grade

•

Practice Problem

•

Hard

Created by

Wayground Content

FREE Resource

Student preview

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12 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is sales tax?

Back

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

2.

FLASHCARD QUESTION

Front

How do you calculate the final price including sales tax?

Back

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

3.

FLASHCARD QUESTION

Front

If a T.V costs $990 and has a sales tax of 9%, what is the final price?

Back

$1,079.10

4.

FLASHCARD QUESTION

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually calculated as a percentage of the total bill.

5.

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).

6.

FLASHCARD QUESTION

Front

If a lunch costs $20 and you leave a 20% tip, how much is the tip?

Back

$4.00

7.

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.

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