Tax, Tip, Commission

Front

What is the formula to calculate a tip based on a percentage?

Back

Tip = Bill Amount × Tip Percentage

Front

If a restaurant bill is $50 and you want to leave a 20% tip, how much is the tip?

Back

Tip = $50 × 0.20 = $10

Front

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

Back

Total Bill = Original Bill + Tip

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Price × Tax Rate

Front

If an item costs $200 and the sales tax is 8%, what is the total cost?

Back

Total Cost = $200 + ($200 × 0.08) = $216

Front

What does it mean for a number to be a percentage of another number?

Back

It means that the first number is a fraction of the second number, expressed as a part of 100.

Front

If 30 is 10% of what number, how do you find that number?

Back

Number = 30 ÷ 0.10 = 300

Front

What is the relationship between commission and sales?

Back

Commission is a fee paid to an employee based on the sales they generate.

Front

If a salesperson earns a 5% commission on $1,000 in sales, how much do they earn?

Back

Commission = $1,000 × 0.05 = $50

Front

How do you convert a fraction to a percentage?

Back

Divide the numerator by the denominator and multiply by 100.