Tax and Tip

Front

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

Back

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

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

Front

What is a tip and how is it typically calculated?

Back

A tip is a sum of money given to service workers as a reward for their service, typically calculated as a percentage of the total bill.

Front

If the total bill is $100 and the tip is 15%, how much is the tip?

Back

Tip = $100 * 0.15 = $15

Front

What does it mean to add a tip to the total?

Back

It means to calculate the tip based on the total bill and then add that amount to the total to find the final amount owed.

Front

How do you calculate the sales tax on an item?

Back

Sales Tax = Original Price * Sales Tax Rate

Front

If an item costs $20 and the sales tax is 5%, what is the total cost?

Back

Total Cost = $20 + ($20 * 0.05) = $21

Front

What is the difference between the original price and the total cost?

Back

The original price is the price before any taxes or tips are added, while the total cost includes all additional charges.

Front

If Saha bought cat treats for $9 with a 6% sales tax, how do you calculate the total cost?

Back

Total Cost = $9 + ($9 * 0.06) = $9.54

Front

What is the total cost if the original price is $36 and the sales tax is 7%?

Back

Total Cost = $36 + ($36 * 0.07) = $38.52