SALES TAX, TIP, AND DISCOUNT

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What is sales tax?

Back

A sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

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How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 32% becomes 0.32.

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What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually calculated as a percentage of the total bill.

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How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal). For example, for an 18% tip on a $75.45 bill, multiply 75.45 by 0.18.

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What does it mean to apply a discount?

Back

Applying a discount means reducing the original price of an item by a certain percentage or amount.

Front

How do you calculate the sale price after a discount?

Back

To find the sale price, subtract the discount amount from the original price. For example, if an item costs $900 and has a 30% discount, the discount is $270, making the sale price $630.

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What is the formula to find the discount amount?

Back

Discount Amount = Original Price x Discount Rate (as a decimal).

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If an item costs $94.99 and is 25% off, how do you find the sale price?

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First, calculate the discount: $94.99 x 0.25 = $23.75. Then subtract the discount from the original price: $94.99 - $23.75 = $71.24.

Front

What is the difference between a tip and a discount?

Back

A tip is an additional amount given for service, while a discount reduces the price of an item.

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How do you express 18% as a decimal?

Back

18% as a decimal is 0.18.