Grade 7 Tax Computation Worksheet
This worksheet helps Grade 7 students understand and compute sales tax, discounts, and total costs, aligning with financial literacy standards.
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Grade 7 Tax Computation
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Read each question carefully and show your work. Calculate sales tax, discounts, and total costs.
1. A new video game costs $59.99. If the sales tax is 7%, what is the total cost of the video game?
2. Sales tax is usually calculated as a of the original price. This amount is then to the original price to get the total cost.
3. A shirt is priced at $25.00 and is on sale for 20% off. What is the discounted price of the shirt?
$5.00
$20.00
$30.00
$22.50
4. When calculating the final price of an item, the sales tax is applied before any discounts.
True
False
5. A bicycle costs $200.00. It is on sale for 15% off. After the discount, a sales tax of 6% is applied. What is the final price of the bicycle?