Percent Word Problems: Tax, Tip, Discount

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

Front

What is the formula to find the amount of tax?

Back

Tax Amount = Price × Tax Rate (as a decimal).

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal).

Front

What does it mean to save a percentage of money?

Back

Saving a percentage means setting aside a portion of your total earnings or money, calculated by multiplying the total amount by the saving percentage (as a decimal).

Front

If a jacket costs $26 and the tax rate is 8%, how much tax do you pay?

Back

Tax Amount = $26 × 0.08 = $2.08.

Front

What is the total cost of an item after applying a discount?

Back

Total Cost = Original Price - Discount Amount.

Front

If you earn $7.75 per hour and receive a 3% raise, how do you calculate your new hourly wage?

Back

New Wage = Old Wage + (Old Wage × Raise Percentage).

Front

What is the total amount saved if you save 40% of $175?

Back

Amount Saved = $175 × 0.40 = $70.

Front

How do you find the amount of discount on an item?

Back

Discount Amount = Original Price × Discount Percentage (as a decimal).