Sales Tax, Tips, and Discounts Assignment

Front

What is sales tax?

Back

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

Front

How do you calculate the final price of an item with sales tax?

Back

To calculate the final price, multiply the item's price by the sales tax rate, then add that amount to the original price.

Front

If an item costs $100 and has a sales tax of 8%, what is the final price?

Back

Final price = $100 + ($100 * 0.08) = $108.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically 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.

Front

If Daniel's meal costs $28 and he leaves a 20% tip, how much is the tip?

Back

Tip = $28 * 0.20 = $5.60.

Front

What is a discount?

Back

A discount is a reduction in the price of an item, often expressed as a percentage of the original price.

Front

How do you calculate the amount saved with a discount?

Back

To calculate the amount saved, multiply the original price by the discount percentage.

Front

If an item costs $50 and has a 25% discount, how much do you save?

Back

Amount saved = $50 * 0.25 = $12.50.

Front

What is the sale price of an item after applying a discount?

Back

Sale price = Original price - Amount saved.