Tax, Tip and Discount

Front

What is tax in relation to the total cost?

Back

Tax is a percentage of the cost that is added to the total.

Front

If a meal costs $28.00 and a 20% tip is added, what is the total bill?

Back

The total bill including tip is $33.60.

Front

What is a tip in relation to the total cost?

Back

Tip is a percentage of the cost that is added to the total.

Front

How do you calculate a 20% tip on a $25 bill?

Back

To calculate a 20% tip on a $25 bill, multiply 25 by 0.20, which equals $5.00.

Front

If the Green family's dinner bill is $67.45 and they want to leave an 18% tip, how much will the waiter receive?

Back

The waiter will receive $12.14.

Front

What is the formula to calculate the total cost including tax?

Back

Total Cost = Original Cost + (Original Cost * Tax Rate)

Front

How do you convert a percentage to a decimal for calculations?

Back

To convert a percentage to a decimal, divide the percentage by 100.

Front

What is the difference between tax and tip?

Back

Tax is a mandatory charge added to the cost of goods/services, while a tip is a voluntary amount given for service.

Front

If a product costs $50 and has a sales tax of 8%, what is the total cost?

Back

Total Cost = $50 + ($50 * 0.08) = $54.00.

Front

How do you calculate the total bill after adding a tip?

Back

Total Bill = Original Bill + (Original Bill * Tip Percentage)