Tax,Tip,Discount

Front

What is a tax?

Back

A tax is a mandatory financial charge or levy imposed by a government on individuals or businesses to fund public services and infrastructure.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically in the hospitality industry, as a token of appreciation.

Front

What is a discount?

Back

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

Front

How do you convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add a percent sign (%). For example, 0.98 becomes 98%.

Front

How do you convert a percent to a decimal?

Back

To convert a percent to a decimal, divide the percent by 100. For example, 32% becomes 0.32.

Front

What is the formula to calculate a tip?

Back

Tip = Bill Amount x Tip Percentage.

Front

If a bill is $25 and the tip is 20%, how much is the tip?

Back

The tip is $5.00.

Front

What is the formula to calculate the total price after tax?

Back

Total Price = Original Price + (Original Price x Tax Rate).

Front

If a book costs $4.25 and the markup is 30%, what is the total price?

Back

The total price is $5.53.

Front

What happens to the price when sales tax is applied?

Back

Sales tax is added to the price.