Taxes, Tips, and Discounts

Front

What is a discount?

Back

A discount is a reduction in the price of an item, usually expressed as a percentage of the original price.

Front

How do you calculate the amount saved with a discount?

Back

To calculate the amount saved, multiply the original price by the discount percentage (in decimal form).

Front

If an item costs $50 and has a 20% discount, how much do you save?

Back

You save $10.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically expressed as a percentage of the total bill.

Front

How do you calculate the total bill after adding a tip?

Back

To calculate the total bill, add the tip amount to the original bill amount.

Front

If a restaurant bill is $40 and you leave a 15% tip, how much is the tip?

Back

The tip is $6.

Front

What is sales tax?

Back

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

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (in decimal form).

Front

If a TV costs $500 and the sales tax rate is 8%, how much tax do you pay?

Back

You pay $40 in tax.

Front

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

Back

Subtracting a discount means reducing the original price by the amount of the discount.