Tax, Tip, & Discount Review

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 a percentage discount?

Back

To calculate a percentage discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

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).

Front

What is sales tax?

Back

Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the purchase price by the sales tax rate (as a decimal).

Front

If a jacket costs $45 and is on sale for 15% off, how much is the discount?

Back

The discount is $6.75.

Front

If a family pays $45 for a hay ride and gives a 15% tip, what is the total cost?

Back

The total cost is $51.75.

Front

If a meal costs $65 and a 15% tip is added, what is the total bill?

Back

The total bill is $74.75.

Front

If you buy Christmas presents for $58.50 and the sales tax is 6.5%, how much do you spend in taxes?

Back

You spend $3.80 in taxes.