Lesson 7: Sales Tax and Discounts
Words to Know
Sales Tax: an additional amount of money charged on items that people buy
Discount: the amount by which the regular price of an item is reduced
Discount: the amount by which the regular price of an item is reduced
Examples
1. Find the Total Cost
2. Find the Sale Price
3. Find the Original Price
Tips
* the selling price for an item with sales tax is the original amount plus the tax amount
* the selling price for an item with a discount is the original amount minus the discount amount
* sales tax is represented as a percent increase, discount is percent decrease
* the selling price for an item with a discount is the original amount minus the discount amount
* sales tax is represented as a percent increase, discount is percent decrease
Extra Examples
Problems of the DAY
Answers must be submitted by 9am the following school day!
1. Find the total cost: $2.95 notebook; 5% sales tax
2. Find the total cost: $1,575 computer; 15% discount
1. Find the total cost: $2.95 notebook; 5% sales tax
2. Find the total cost: $1,575 computer; 15% discount