Tax, Tip, Discount

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, typically expressed as a percentage of the original price.

Front

How do you calculate the sale price after a discount?

Back

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

Front

If a product costs $100 and has a 20% discount, what is the sale price?

Back

Sale Price = $100 - ($100 × 0.20) = $80.

Front

What is sales tax?

Back

Sales tax is a percentage added to the sale price of goods and services, collected by the seller and paid to the government.

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Sale Price + (Sale Price × Sales Tax Rate)

Front

If the sale price of an item is $80 and the sales tax is 6%, what is the total cost?

Back

Total Cost = $80 + ($80 × 0.06) = $84.80.

Front

What is a tip?

Back

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

Front

How do you calculate a tip?

Back

Tip = Total Bill × Tip Rate

Front

If a dinner bill is $50 and you want to leave a 15% tip, how much is the tip?

Back

Tip = $50 × 0.15 = $7.50.

Front

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

Back

A discount is the amount subtracted from the original price, while the sale price is the final price after the discount is applied.