Tax, Tip, Discount

Front

What is a percent?

Back

A percent is a way of expressing a number as a fraction of 100. It is denoted by the symbol '%'. For example, 40% means 40 out of 100.

Front

How do you convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add the percent symbol. For example, 0.4 x 100 = 40%.

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 the amount saved with a discount?

Back

To calculate the amount saved, multiply the original price by the discount percentage (as a decimal). For example, for a $22 item with a 25% discount: $22 x 0.25 = $5.50.

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). For example, for a $1.49 item with a 5% tax: $1.49 x 0.05 = $0.07.

Front

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

Back

Sale Price = Original Price - (Original Price x Discount Rate).

Front

If an item costs $900 and has a 30% discount, what is the discount amount?

Back

Discount Amount = $900 x 0.30 = $270.

Front

How do you find the final sale price after applying a discount?

Back

Final Sale Price = Original Price - Discount Amount. For a $900 TV with a $270 discount: $900 - $270 = $630.

Front

What does '25% off' mean?

Back

'25% off' means that the price of an item is reduced by 25% of its original price.