Percents: Sales tax, Tip, Discount (#4)

Front

What is a percent?

Back

A percent is a way to express a number as a fraction of 100. It is often used to describe discounts, sales tax, and tips.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (as a decimal), then subtract that amount from the original price.

Front

What is the formula for finding the sale price after a discount?

Back

Sale Price = Original Price - Discount Amount.

Front

If an item costs $100 and is on sale for 25% off, what is the discount amount?

Back

The discount amount is $25.

Front

How do you calculate the final price after applying sales tax?

Back

Final Price = Sale Price + (Sale Price x Sales Tax Rate).

Front

What is sales tax?

Back

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

Front

If a TV costs $800 and is on sale for 33% off, what is the sale price?

Back

The sale price is $536.

Front

How much is 10% of $50?

Back

10% of $50 is $5.

Front

If Sarah earns $20 a day and spends 30% of her earnings, how much does she spend?

Back

Sarah spends $6.

Front

What is a tip?

Back

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