Percent Word Problems: Tax, Tip, Discount

Front

What is a percent?

Back

A percent is a ratio that compares a number to 100. It is often used to express how much of something there is in relation to a whole.

Front

How do you calculate a discount?

Back

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

Front

What is the formula to find the amount of tax?

Back

The amount of tax can be calculated by multiplying the cost of the item by the tax rate (as a decimal).

Front

How do you calculate the final price after tax?

Back

To find the final price after tax, add the amount of tax to the original price.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually calculated 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 (as a decimal).

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 find the savings from a percentage?

Back

To find the savings, multiply the total amount by the savings percentage (as a decimal).

Front

What does '33% off' mean?

Back

'33% off' means that the price of an item is reduced by 33 percent of its original price.

Front

If an item costs $50 and is on sale for 20% off, what is the sale price?

Back

The sale price is $40. (Calculation: $50 - ($50 * 0.20) = $40)