Tax, Tip, and Discount

Front

What is the formula to calculate the total bill including tip?

Back

Total Bill = Cost of Meal + (Tip Percentage × Cost of Meal)

Front

How do you calculate the commission earned from a sale?

Back

Commission = Sale Price × Commission Rate

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Price of Item × Sales Tax Rate

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage × Original Price)

Front

What is the final price of an item including sales tax?

Back

Final Price = Price of Item + Sales Tax

Front

If a meal costs $50 and the tip is 15%, how much is the tip?

Back

Tip = 0.15 × $50 = $7.50

Front

What is the total cost of a $200 item with a 10% sales tax?

Back

Total Cost = $200 + ($200 × 0.10) = $220

Front

How do you find the percentage of a number?

Back

Percentage = (Part / Whole) × 100

Front

If an item is originally priced at $80 and is on sale for 25% off, what is the sale price?

Back

Sale Price = $80 - ($80 × 0.25) = $60

Front

What is the difference between a tip and a discount?

Back

A tip is a voluntary extra payment for service, while a discount is a reduction in the original price of an item.