Tips & Sales Tax

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is added to the total cost at the time of purchase.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal).

Front

If an item costs $100 and the sales tax is 8%, what is the sales tax amount?

Back

$8.00

Front

What is the final price of an item including sales tax?

Back

Final Price = Item Price + Sales Tax Amount.

Front

If a TV costs $132 and the sales tax is 8%, what is the final cost?

Back

$142.56

Front

How do you calculate the total cost including tip?

Back

Total Cost = Meal Cost + (Meal Cost x Tip Percentage).

Front

If Daniel's meal costs $28 and he leaves a 20% tip, what is his total bill?

Back

$33.60

Front

What is a tip?

Back

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

Front

If Angela spends $30 at a restaurant and leaves a 15% tip, what is her total bill?

Back

$34.50

Front

What is the formula to find the total cost after tax?

Back

Total Cost = Item Price x (1 + Sales Tax Rate).