Tips & Sales Tax

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually in restaurants or for personal services.

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 15% tip on a $30 bill: $30 x 0.15 = $4.50.

Front

What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal). For example, for an item costing $100 with a 7% sales tax: $100 x 0.07 = $7.

Front

What is the total cost including tip?

Back

Total cost including tip = Original bill + Tip amount.

Front

If a bill is $50 and you tip 20%, what is the total cost?

Back

Total cost = $50 + ($50 x 0.20) = $50 + $10 = $60.

Front

If a TV costs $200 and the sales tax is 8%, what is the final cost?

Back

Final cost = $200 + ($200 x 0.08) = $200 + $16 = $216.

Front

What is the formula for calculating the final price with sales tax?

Back

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

Front

How much is a 15% tip on a $40 bill?

Back

Tip = $40 x 0.15 = $6. Total = $40 + $6 = $46.

Front

If a meal costs $75 and you want to leave a 18% tip, how much do you leave?

Back

Tip = $75 x 0.18 = $13.50.