Tax and Tip

Front

What is sales tax?

Back

Sales tax is a percentage of the price of a product that is added to the total cost at the time of purchase.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal).

Front

If an item costs $100 and the sales tax rate is 5%, how much is the sales tax?

Back

$5.00

Front

What is the total cost of an item that costs $200 with a sales tax rate of 8%?

Back

$216.00

Front

How do you convert a percentage to a decimal?

Back

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

Front

Convert 25% into a decimal.

Back

0.25

Front

What does it mean to 'add' sales tax to a price?

Back

It means to increase the original price by the amount of sales tax calculated.

Front

If a jacket costs $50 and the sales tax is 6%, what is the total cost?

Back

$53.00

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.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal).