705 Percent Problems

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods or services that is collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal). For example, for a $100 item with a 5% tax rate, the sales tax is $100 x 0.05 = $5.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically 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 (as a decimal). For example, for a $50 bill with a 20% tip, the tip is $50 x 0.20 = $10.

Front

What does 'discount' mean?

Back

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

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 a percentage?

Back

A percentage is a way of expressing a number as a fraction of 100. It is often used to compare relative sizes.

Front

How do you find a percentage of a number?

Back

To find a percentage of a number, multiply the number by the percentage (as a decimal). For example, to find 25% of 200, calculate 200 x 0.25 = 50.

Front

What is the formula for finding the total cost including tax?

Back

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

Front

If a meal costs $30 and the tax is 10%, what is the total cost?

Back

Total Cost = $30 + ($30 x 0.10) = $30 + $3 = $33.