Tax, Tip, Discount

Front

What is a discount?

Back

A discount is a reduction in the price of an item, usually expressed as a percentage of the original price.

Front

How do you calculate a discount?

Back

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

Front

If an item costs $40 and has a 20% discount, what is the discount amount?

Back

$8.00

Front

What does it mean to subtract a discount from the price?

Back

Subtracting a discount means reducing the original price by the amount of the discount to find the final price.

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

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 a shirt costs $30 and the sales tax is 5%, what is the total cost?

Back

$31.50

Front

What is a tip?

Back

A tip is a small amount of money given to service workers as a reward for good service, usually expressed 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).

Front

If a meal costs $50 and you leave a 15% tip, how much is the tip?

Back

$7.50