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3 cards from this section. Quick, good the night before a test.
What does Cost to Consumer represent?
Think about total prices.
If a product sells for $80 plus 5% tax, what is the cost to consumer?
Calculate 5% of $80 and add it.
What does Cost to Consumer mean?
Think about what you pay at the register.
True or False: Selling Price includes taxes.
Consider how tax is applied.
A customer buys a laptop for $900, which includes a 12% sales tax. Calculate the laptop's price before tax.
Use the formula to find the initial price without tax.
If an item costs $250 before tax and the sales tax is 15%, what will be the total cost for the consumer?
Remember to add the calculated tax to the price.
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