Tax, Tip & Discount

Front

What is a tip?

Back

A tip is a percentage of the total cost of a service that is added as a gratuity for the service provider.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (expressed as a decimal).

Front

What does it mean to have a discount?

Back

A discount is a reduction in the original price of a product or service.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (expressed as a decimal) and subtract that amount from the original price.

Front

What is the formula to find the final price after a discount?

Back

Final Price = Original Price - Discount Amount.

Front

If a sweater costs $37.50 and is on a 20% discount, how much is deducted?

Back

$7.50 is deducted from the original price.

Front

What is the final price of an item after applying a 15% discount on a $45 jacket?

Back

The final price is $38.25.

Front

If you leave an 18% tip on a $75.45 dinner, how much is the tip?

Back

The tip would be $13.58.

Front

What is the relationship between tip and total bill?

Back

Tip is added to the total bill to determine the final amount paid.

Front

What does 'percent off' mean?

Back

'Percent off' indicates the percentage reduction applied to the original price of an item.