Acc. Review Discount/Markup/Tax/Tip

Front

Sales tax is __________ to the price

Back

added

Front

What is the total cost of your meal if your food bill is $23.50 and you leave a 15% tip?

Back

$27.03

Front

If a plane ticket costs $299.00 and you use a discount code for 15% off, how much will the ticket cost?

Back

$254.15

Front

A discounted price means the price has __________.

Back

decreased

Front

Find the price of a book for $49.95 with 3% tax.

Back

$51.45

Front

What is a markup?

Back

A markup is the amount added to the cost price of goods to cover overhead and profit.

Front

How do you calculate a percentage tip?

Back

Multiply the total bill by the tip percentage (as a decimal).

Front

What is the formula to calculate the final price after applying a discount?

Back

Final Price = Original Price - (Original Price × Discount Rate)