Tax, Tips, and Discounts

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 amount by the tip percentage (as a decimal). For example, for a 15% tip on a $100 bill: $100 x 0.15 = $15.

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 calculate the total amount after applying a discount?

Back

To calculate the total amount after a discount, subtract the discount amount from the original price. For example, if an item costs $50 and has a 20% discount: Discount = $50 x 0.20 = $10; Total = $50 - $10 = $40.

Front

What is tax?

Back

Tax is a mandatory financial charge imposed by a government on individuals or businesses, usually calculated as a percentage of income or sales.

Front

How do you calculate the total amount including tax?

Back

To calculate the total amount including tax, multiply the original price by the tax rate (as a decimal) and add it to the original price. For example, for a $100 item with a 5% tax: Tax = $100 x 0.05 = $5; Total = $100 + $5 = $105.

Front

If a dinner bill is $126 and a 15% tip is added, what is the total amount paid?

Back

Total amount paid = $126 + ($126 x 0.15) = $126 + $18.90 = $144.90.

Front

If Kim's bill was $256.18 and she wanted to leave a 15% tip, how much is the tip?

Back

Tip = $256.18 x 0.15 = $38.43.

Front

What is the formula to find the percentage of correct answers?

Back

Percentage of correct answers = (Number of correct answers / Total questions) x 100.

Front

If Caroline answered 19 out of 25 questions correctly, what percent did she get right?

Back

Percentage = (19 / 25) x 100 = 76%.