Tips, Sales Tax, and Discounts

Front

What is a discount?

Back

A discount is a reduction in the regular price of a product or service, often expressed as a percentage.

Front

How do you calculate the sale price after a discount?

Back

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

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 including sales tax?

Back

Final Price = Original Price + (Original Price x Sales Tax Rate)

Front

What is a tip?

Back

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

Front

How do you calculate a tip?

Back

Tip Amount = Total Bill x Tip Percentage

Front

If a pair of jeans costs $24.00 and is on sale for 30% off, what is the sale price?

Back

Sale Price = $24.00 - ($24.00 x 0.30) = $16.80

Front

If a raincoat costs $39.99 and has a sales tax of 7%, what is the final price?

Back

Final Price = $39.99 + ($39.99 x 0.07) = $42.79

Front

What is the formula to find the percentage of a number?

Back

Percentage = (Part / Whole) x 100

Front

If a family leaves a 15% tip on a $26 bill, how much is the tip?

Back

Tip = $26 x 0.15 = $3.90