Tax, Tip, and Discount

Front

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.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (e.g., for an 18% tip on a $75.45 bill, calculate 75.45 * 0.18).

Front

What is a discount?

Back

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

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 (e.g., for a $174 item with a 40% discount, calculate 174 - (174 * 0.40)).

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 total cost including sales tax?

Back

To calculate the total cost, multiply the original price by the sales tax rate and add it to the original price (e.g., for a $58.50 item with a 6.5% tax, calculate 58.50 + (58.50 * 0.065)).

Front

What is the formula for calculating a percentage?

Back

The formula for calculating a percentage is (part/whole) * 100.

Front

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

Back

Final price = $39.99 + ($39.99 * 0.07) = $42.79.

Front

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

Back

Subtracting a discount means reducing the original price by the discount amount to find the sale price.

Front

How do you find the amount of a tip on a bill?

Back

To find the tip amount, multiply the total bill by the tip percentage (e.g., for a $75.45 bill at 18%, the tip is $75.45 * 0.18 = $13.58).