Tax, Tip, and Discount Flashcard

Front

Discount is a percentage of the cost that is __________ from the total.

Back

Subtracted

Front

Tax is a percentage of the cost that is __________ to the total.

Back

Added

Front

Dinner at the Olive Garden cost $52.37. You leave a 20% tip. What is the total cost?

Back

$62.84

Front

You are purchasing a T.V for $990 with 9% sales tax. What is the final price of the T.V.?

Back

$1,079.10

Front

Change .98 into a percent.

Back

98%

Front

What is the formula to calculate the total cost after applying a discount?

Back

Total Cost = Original Price - (Original Price × Discount Rate)

Front

What is the formula to calculate the total cost after adding tax?

Back

Total Cost = Original Price + (Original Price × Tax Rate)

Front

If a product costs $200 and has a 15% discount, what is the discount amount?

Back

$30

Front

If a meal costs $45 and you want to leave a 18% tip, how much tip will you leave?

Back

$8.10

Front

What is the relationship between a percentage and a decimal?

Back

To convert a percentage to a decimal, divide by 100.