Tax, Tip, and Discount

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 with sales tax?

Back

Final Price = Original Price + (Original Price × Sales Tax Rate)

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service, usually expressed as a percentage.

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Original Price × Discount Rate)

Front

What is a tip?

Back

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

Front

How do you calculate a tip?

Back

Tip Amount = Total Bill × Tip Percentage

Front

If a raincoat costs $39.99 and has a sales tax of 7%, what is the final price?

Back

Final Price = $39.99 + ($39.99 × 0.07) = $42.79

Front

If a regular price is $174 and there is a 40% discount, what is the sale price?

Back

Sale Price = $174 - ($174 × 0.40) = $104.40

Front

If a dinner bill is $26 and a family wants to leave a 15% tip, how much is the tip?

Back

Tip Amount = $26 × 0.15 = $3.90

Front

If a novel costs $4.50 and has a 25% discount, what is the sale price?

Back

Sale Price = $4.50 - ($4.50 × 0.25) = $3.37