Consumer Final Fall 2024 Percentages

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What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is collected by the seller and paid to the government.

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How do you calculate the total cost including sales tax?

Back

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

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What is a tip?

Back

A tip is a sum of money given to someone for their services, typically calculated as a percentage of the total bill.

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How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal) and add that amount to the original bill.

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What does it mean to find a percentage of a number?

Back

Finding a percentage of a number involves multiplying the number by the percentage (expressed as a decimal).

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What is the formula to find the percentage of a total?

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The formula is: (Part/Total) x 100 = Percentage.

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How do you find the number of people in a group who prefer a certain option based on percentages?

Back

Multiply the total number of people by the percentage (as a decimal) that prefer that option.

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What is 10% of a number?

Back

10% of a number is the same as dividing the number by 10.

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How do you calculate savings as a percentage of income?

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To calculate savings, multiply the total income by the savings percentage (as a decimal).

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What is the total cost of an item after a 6% sales tax on a $890 item?

Back

The total cost is $943.40.