Tax & Tip

Front

What is sales tax?

Back

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

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the original price by the sales tax rate (as a decimal), then add that amount to the original price.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, 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 T.V costs $990 and has a sales tax of 9%, what is the total cost?

Back

$1,079.10

Front

If a dinner costs $75.45 and you want to leave an 18% tip, how much is the tip?

Back

$13.58

Front

What is the formula to find the final price after tax?

Back

Final Price = Original Price + (Original Price x Sales Tax Rate) or Final Price = Original Price x (1 + Sales Tax Rate).

Front

If a water bottle costs $9.45 and the sales tax is 7%, what is the total cost?

Back

$10.11

Front

How do you convert a percentage to a decimal?

Back

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

Front

If Vicky buys items totaling $15.70 and the sales tax is 5%, what will she pay altogether?

Back

$16.49