Sales Tax, Tips, and Discounts Assignment

Front

What is sales tax and how is it calculated?

Back

Sales tax is a percentage of the sale price of goods or services that is added to the total cost. It is calculated by multiplying the sale price by the sales tax rate.

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price after a discount, subtract the discount amount from the original price. The discount amount is found by multiplying the original price by the discount percentage.

Front

What is the formula for calculating the final price including tax?

Back

Final Price = Original Price + (Original Price x Sales Tax Rate).

Front

If an item costs $50 and has a 20% discount, what is the sale price?

Back

Sale Price = $50 - ($50 x 0.20) = $40.

Front

How do you find the amount of a discount?

Back

The amount of a discount is calculated by multiplying the original price by the discount percentage.

Front

What is a tip and how is it typically calculated?

Back

A tip is a small amount of money given to service workers for their service. It is typically calculated as a percentage of the total bill.

Front

If a meal costs $30 and you want to leave a 15% tip, how much should you tip?

Back

Tip = $30 x 0.15 = $4.50.

Front

What is the difference between a sale price and a regular price?

Back

The sale price is the reduced price of an item during a sale, while the regular price is the original price before any discounts.

Front

How do you calculate the total cost of an item after tax?

Back

Total Cost = Sale Price + (Sale Price x Sales Tax Rate).

Front

If an item is on sale for 30% off and the original price is $80, what is the sale price?

Back

Sale Price = $80 - ($80 x 0.30) = $56.