Sales Tax, Tips, and Markups (7th)

Front

Write 8.25% as a decimal.

Back

0.0825

Front

Sarah bought a new lip gloss. It cost $8.99 plus 5% tax. How much did she pay for the lip gloss?

Back

$9.44

Front

Daniel has dinner at a restaurant and the cost of his meal is $28.00. He wants to leave a 20% tip. What is his total bill including tip?

Back

$33.60

Front

You are purchasing a T.V for $990 with 9% sales tax. What is the final price of the T.V.?

Back

$1,079.10

Front

Sales tax is __________ to the price.

Back

added

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Price × Sales Tax Rate

Front

If a product costs $50 and has a sales tax of 8%, what is the total cost?

Back

$54.00

Front

What does a tip represent in a restaurant bill?

Back

A tip is a percentage of the total bill given to the service staff as a reward for good service.

Front

How do you calculate a 15% tip on a $60 meal?

Back

Tip = $60 × 0.15 = $9.00

Front

What is the difference between markup and sales tax?

Back

Markup is the amount added to the cost price to determine the selling price, while sales tax is an additional charge on the selling price.