Tax, Tip, Discount

Front

What is sales tax?

Back

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

Front

How do you calculate the total bill including sales tax?

Back

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

Front

What is a discount?

Back

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

Front

How do you calculate the final price after a discount?

Back

To calculate the final price after a discount, multiply the original price by the discount rate (as a decimal) to find the discount amount, then subtract that amount from 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 amount by the tip percentage (as a decimal) and add that amount to the original bill.

Front

If a meal costs $28.00 and you want to leave a 20% tip, how much is the tip?

Back

$5.60 (20% of $28.00 is $5.60).

Front

What does it mean to receive a percentage off an item?

Back

Receiving a percentage off an item means that a certain percentage of the item's price is deducted from the total cost.

Front

If an item costs $22.00 and you receive 25% off, how much do you save?

Back

$5.50 (25% of $22.00 is $5.50).

Front

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

Back

The formula to find the percentage of a number is: (Percentage Rate / 100) * Total Amount.