What is a tip?

Tax & Tip

Flashcard
•
Mathematics
•
7th - 8th Grade
•
Hard
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6 questions
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1.
FLASHCARD QUESTION
Front
Back
A tip is a small amount of money given to someone for their service, usually in the hospitality industry, as a way to show appreciation.
2.
FLASHCARD QUESTION
Front
How do you calculate a percentage of a number?
Back
To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 15% of $100, calculate 100 x 0.15 = $15.
3.
FLASHCARD QUESTION
Front
What is sales tax?
Back
Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.
4.
FLASHCARD QUESTION
Front
How do you calculate the total cost including sales tax?
Back
To calculate the total cost including sales tax, multiply the original price by the sales tax rate (in decimal form) and add that amount to the original price.
5.
FLASHCARD QUESTION
Front
If a dinner bill is $50 and you want to leave a 20% tip, how much is the tip?
Back
$10.00
6.
FLASHCARD QUESTION
Front
What is the formula to find the total bill after adding a tip?
Back
Total Bill = Original Bill + (Original Bill x Tip Percentage)
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