Tax, Tip & Discount

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Original Price × Discount Percentage)

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

Tip = Total Bill × Tip Percentage

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 the total bill including sales tax?

Back

Total Bill = Original Price + (Original Price × Sales Tax Percentage)

Front

If a pair of boots costs $94.99 and is 25% off, what is the discount amount?

Back

Discount Amount = $94.99 × 0.25 = $23.75

Front

What is the formula to find the original price before a discount?

Back

Original Price = Sale Price / (1 - Discount Percentage)

Front

If a sweater originally costs $37.50 and is bought at 20% off, what is the sale price?

Back

Sale Price = $37.50 - ($37.50 × 0.20) = $30.00

Front

What does it mean to add a tip to a bill?

Back

Adding a tip means increasing the total amount due by a certain percentage to reward the service provided.