Tax, Tip, Markup, Discount

Front

What does a discounted price mean?

Back

The price has decreased.

Front

How much tip should you leave if you want to tip 18% on a $37.50 bill?

Back

$6.75

Front

What is a discount?

Back

A discount is subtracted from the price.

Front

If a plane ticket costs $299.00 and you use a 15% discount code, how much will the ticket cost?

Back

$254.15

Front

What happens to sales tax in relation to the price?

Back

Sales tax is added to the price.

Front

Define 'tax'.

Back

A tax is a mandatory financial charge imposed by a government on individuals or entities.

Front

What is a 'tip'?

Back

A tip is a sum of money given to someone for their service, typically in the hospitality industry.

Front

What is 'markup'?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Front

What is a 'discount'?

Back

A discount is a reduction in the usual price of something.

Front

How do you calculate a percentage of a number?

Back

Multiply the number by the percentage (as a decimal).