Percents: Sales tax, Tip, Discount (#4)

Front

What is a percent?

Back

A percent is a way to express a number as a fraction of 100. It is often used to describe discounts, sales tax, and tips.

Front

How do you calculate a discount?

Back

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

Front

What is the formula for finding the sale price after a discount?

Back

Sale Price = Original Price - Discount Amount.

Front

If a product costs $200 and is on sale for 25% off, what is the discount amount?

Back

Discount Amount = $200 x 0.25 = $50.

Front

How do you calculate the final price after applying sales tax?

Back

Final Price = Sale Price + (Sale Price x Sales Tax 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

If a TV costs $400 and has a 10% sales tax, what is the total cost?

Back

Total Cost = $400 + ($400 x 0.10) = $440.

Front

What is a tip?

Back

A tip is a small amount of money given to service workers, usually calculated as a percentage of the total bill.

Front

If a restaurant bill is $50 and you want to leave a 15% tip, how much is the tip?

Back

Tip = $50 x 0.15 = $7.50.

Front

How do you find the percent of a number?

Back

To find the percent of a number, multiply the number by the percent (as a decimal).