Calculating Tips, Discounts, and Taxes

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service.

Front

How do you calculate a discount?

Back

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

Front

If a $50 item has a 20% discount, what is the final price?

Back

$40.00

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically in restaurants.

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 your restaurant bill is $30 and you want to leave a 15% tip, how much is the tip?

Back

$4.50

Front

What is sales tax?

Back

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

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 is 8%, what is the total cost?

Back

$108.00

Front

What is a commission?

Back

A commission is a fee paid to an agent or salesperson for their services, usually calculated as a percentage of the sale.