Tax, Tip and Discounts

Front

What is sales tax?

Back

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

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 8.15% becomes 0.0815.

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 sale price after a discount?

Back

To calculate the sale price, subtract the discount amount from the original price. Sale Price = Original Price - Discount Amount.

Front

What is the formula to find the discount amount?

Back

Discount Amount = Original Price x Discount Rate.

Front

If an item costs $100 and has a 20% discount, what is the discount amount?

Back

The discount amount is $20.

Front

What is a tip?

Back

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

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage. Tip = Total Bill x Tip Percentage.

Front

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

Back

You should tip $7.50.

Front

What is the final price after applying a 35% discount on a $124.50 purchase?

Back

The final price is $80.92.