Percentage Situations (ILC) 2

Front

What is a percentage?

Back

A percentage is a way of expressing a number as a fraction of 100. It is often used to compare proportions.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 25% of 200, calculate 200 x 0.25 = 50.

Front

What is a tip?

Back

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

Front

What is sales tax?

Back

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

Front

What is a markdown?

Back

A markdown is a reduction in the original selling price of a product, often expressed as a percentage.

Front

What is a markup?

Back

A markup is an increase in the original cost price of a product, expressed as a percentage of the cost.

Front

What is gratuity?

Back

Gratuity, often referred to as a tip, is a sum of money given to service workers for their service, usually calculated as a percentage of the total bill.

Front

What is commission?

Back

Commission is a fee paid to an employee or agent based on the sales they generate, typically expressed as a percentage of the sales amount.

Front

How do you calculate a tip based on a total bill?

Back

To calculate a tip, multiply the total bill by the tip percentage (in decimal form). For example, for a $65.45 bill with a 25% tip, calculate 65.45 x 0.25 = 16.36.

Front

If a shirt costs $16 and is on a 25% discount, how much do you pay?

Back

You pay $12. To calculate, find 25% of $16 (which is $4) and subtract it from the original price: $16 - $4 = $12.