Discount, Tax, and Tip

Front

What is the definition of a discount?

Back

A discount is a reduction in the price of a product or service.

Front

How do you convert a decimal to a percent?

Back

Multiply the decimal by 100 and add a percent sign. For example, 0.98 becomes 98%.

Front

What does it mean to subtract a discount from a price?

Back

It means to reduce the original price by the amount of the discount.

Front

What is sales tax?

Back

Sales tax is an additional amount of money added to the price of goods and services, usually expressed as a percentage.

Front

How is sales tax calculated?

Back

Sales tax is calculated by multiplying the price of the item by the sales tax rate.

Front

What is a tip?

Back

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

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage.

Front

If a dinner bill is $50 and the tip is 20%, how much is the tip?

Back

The tip is $10 (20% of $50).

Front

What is the formula to find the total price after adding sales tax?

Back

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

Front

If an item costs $30 and has a 10% discount, what is the final price?

Back

The final price is $27 (30 - 3).