Vocabulary
What name is given to the cost per unit for an item being sold?
Unit Price
A shirt costs $2500. The sales tax rate is 10%. What is the sales tax charged?
$250
A book costs $1,500. The shop offers a 5% discount. How much is the discount?
$75
What name is given to a document showing the details of goods purchased and their prices?
Invoice
A pair of shoes costs $5,375 before tax. The price including tax is $5,612. What amount is the sales tax?
$237
A shirt costs $2,400. A 20% discount is offered. What is the selling price after the discount?
$1920
What name is given to the percentage reduction in the marked price of an item?
Discount Rate
A blender costs $8,200. If sales tax of 12.5% is added, what is the final price after tax?
$9225
A gift basket was sold for $7,250. Given that the price was discounted by $2,925 what was the original price?
$10,175
What name is given to an additional charge imposed by the government on consumer goods and services?
Sales Tax
A washing machine cost $65,000 before tax. If the sales tax of $9,750 was charged, what was the sales tax rate?
15%
The marked price of a refrigerator is $80,000. During a Christmas sale, the refrigerator was sold for $75,200. What percentage discount was given?
6%
What name is given to the difference between the cost price (CP) and selling price (SP) when CP exceeds SP.
Loss
A laptop has a marked price of $1,200. The final price paid including sales tax was $1,356. What was the sales tax rate?
13%
Good A