Gibson/ Gregg Percent Proportions - Tax, Tip and Discount

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

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

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 the final price after tax?

Back

To calculate the final price after tax, multiply the original price by the sales tax percentage (as a decimal) and add that amount to the original price.

Front

What is a tip?

Back

A tip is a small amount of money given to service workers, typically 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).

Front

If a jacket costs $85 and is on sale for 40% off, how much do you save?

Back

You save $34. (Calculation: 85 * 0.40 = 34)

Front

If you leave an 18% tip on a $67.45 bill, how much is the tip?

Back

The tip is $12.14. (Calculation: 67.45 * 0.18 = 12.14)

Front

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

Back

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

Front

If a T.V. costs $990 and has a 9% sales tax, what is the total cost?

Back

The total cost is $1,079.10. (Calculation: 990 * 0.09 = 89.10; 990 + 89.10 = 1,079.10)