sales tax and gratuity (Tips) calculation

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price that is added to the total cost of goods or services.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the original price by the sales tax rate (as a decimal) and then add that amount to the original price.

Front

If an item costs $50 and the sales tax is 5%, how much is the sales tax?

Back

$2.50

Front

What is gratuity?

Back

Gratuity, often referred to as a tip, is a sum of money given to service workers in appreciation for their service.

Front

When should you give gratuity?

Back

Gratuity is typically given in restaurants, for taxi services, and for other personal services where a service is provided.

Front

True or False: Gratuity is mandatory in all service situations.

Back

False

Front

What does it mean to round a number?

Back

Rounding a number means adjusting it to a nearby value that is simpler or more convenient, often to a specified decimal place.

Front

Round $15.67348 to two decimal places.

Back

$15.67

Front

If a meal costs $30 and you want to leave a 15% tip, how much is the tip?

Back

$4.50

Front

What is the final cost of a $100 item with a 10% sales tax?

Back

$110