Chapter 6 Formulas Flashcards
1
Q
How do you find sales tax?
A
Total Selling Price x Sales Tax Rate
2
Q
How do you find total purchase price?
A
Total Selling Price + Sales Tax
3
Q
How do you find markdown? (2 ways)
A
a) Regular Selling Price - Sale Price
b) Regular Selling Price x Markdown Rate
4
Q
How do you find sales price? (2 ways)
A
a) Regular Selling Price - Markdown
b) Regular Selling Price x Percent Paid
5
Q
How do you find percent paid?
A
100% - Percent Off
6
Q
How do you find unit price?
A
Price per Item/Measure or Count
7
Q
How do you find final price?
A
Total Selling Price - Total Savings
