Percent Word Problems: Tax, Tip, Discount

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

Front

How do you calculate the total cost including tax?

Back

To calculate the total cost including tax, multiply the original price by the tax rate (as a decimal) and add it to the original price.

Front

What is a discount?

Back

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

Front

How do you calculate the amount of a discount?

Back

To calculate the amount of a discount, multiply the original price by the discount rate (as a decimal).

Front

What is the formula to find the sale price after a discount?

Back

Sale Price = Original Price - Discount Amount.

Front

How do you find the final cost after applying tax to a discounted price?

Back

Final Cost = Discounted Price + (Discounted Price x Tax Rate).

Front

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

Back

Discount Amount = $50 x 0.20 = $10.

Front

If a pair of shoes originally costs $80 and is on sale for 25% off, what is the sale price?

Back

Sale Price = $80 - ($80 x 0.25) = $60.

Front

What is the tax amount on a $200 purchase with a 5% tax rate?

Back

Tax Amount = $200 x 0.05 = $10.

Front

How do you calculate the percentage saved when using a coupon?

Back

Percentage Saved = (Discount Amount / Original Price) x 100.