SF- Tax, Tip, Discount, etc.

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price that is added to the total cost of goods or services.

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 an item costs $50 and the sales tax is 5%, how much is the sales tax?

Back

$2.50

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 (as a decimal).

Front

If your restaurant bill is $30 and you want to leave a 15% tip, how much is the tip?

Back

$4.50

Front

What is a discount?

Back

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

Front

How do you calculate the final price after a discount?

Back

To calculate the final price after a discount, subtract the discount amount from the original price.

Front

If a shirt costs $40 and has a 25% discount, what is the final price?

Back

$30

Front

What does 'added' mean in the context of sales tax?

Back

'Added' means that the sales tax is included in the total amount you pay at the register.