Tax, Tip, Discounts

Front

Tips are _________ to the total.

Back

added

Front

In a video store, a DVD that sells for $15 is marked 10% off. What is the amount of discount?

Back

$1.50

Front

Mark-ups make the price ______.

Back

increase

Front

Find the total amount on a $20 lunch if you leave a 20% tip AFTER the tip is added.

Back

$24

Front

Tax is __________ to the original (OG) price.

Back

added

Front

What is a tip?

Back

A tip is an extra amount of money given to service workers for their service, usually calculated as a percentage of the total bill.

Front

What does a discount mean?

Back

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

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, 10% of 50 is 50 * 0.10 = 5.

Front

What is the formula for calculating tax?

Back

Tax = Original Price x Tax Rate.

Front

If a product costs $100 and has a 15% tax, what is the total cost?

Back

Total Cost = $100 + ($100 x 0.15) = $115.