Sales Tax and Tipping Assessment 6

Front

Change 18% into a decimal.

Back

0.18

Front

You and your friends go out to dinner. You order a pizza for $9.75, an order of pasta for $4.80, an order of garlic cheese bread for $5.40, and a Pepsi for $1.75. If you want to leave a 20% tip, how much are you going to leave just for the tip? Fill in the blank: $ _____________

Back

$4.34

Front

You found a scooter that you really like. It costs $478.30. The tax rate is 7.5%. What is the total cost for the scooter with tax? If necessary, round your answer to the nearest cent (hundredth)

Back

$514.17

Front

Change 6.5% into a decimal.

Back

0.065

Front

You found a remote control helicopter that you want to buy. It costs $263.75. Sales tax is 6.5%. What is the total cost for the helicopter with tax? If necessary, round your answer to the nearest cent (hundredth)

Back

$280.89

Front

What is sales tax?

Back

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

Front

How do you calculate a tip?

Back

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

Front

What is the formula to find the total cost including tax?

Back

Total Cost = Original Price + (Original Price × Tax Rate)

Front

If a product costs $100 and the sales tax is 5%, what is the total cost?

Back

Total Cost = $100 + ($100 × 0.05) = $105.

Front

What does it mean to round to the nearest cent?

Back

Rounding to the nearest cent means adjusting a monetary amount to two decimal places, where the last digit is either increased or decreased based on the third decimal place.