Taxes + Tips + Discounts

Front

What is a discount?

Back

A discount is a reduction in the regular price of a product or service, often expressed as a percentage.

Front

How do you calculate a discount amount?

Back

To calculate a discount amount, multiply the original price by the discount percentage (in decimal form).

Front

If a pair of jeans costs $25 and is on sale for 15% off, what is the discount amount?

Back

$3.75

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 (in decimal form).

Front

If a dinner costs $42 and you want to give a 15% tip, how much should you pay as a tip?

Back

$3.72

Front

What is sales tax?

Back

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

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (in decimal form).

Front

If an MP3 player costs $45.50 and the sales tax is 7%, how much extra will you pay for tax?

Back

$3.19

Front

What is the sales tax on an $860 stereo if the tax rate is 6%?

Back

$51.60