Percent Tax, Tips, and Discounts

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

Front

How do you calculate tax on a purchase?

Back

To calculate tax, multiply the purchase price by the tax rate (as a decimal). Add the tax to the original price to find the total cost.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually expressed 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). Add the tip to the original bill to find the total cost.

Front

What is a discount?

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 the final price after a discount?

Back

To calculate the final price after a discount, multiply the original price by the discount percentage (as a decimal) to find the discount amount. Subtract the discount amount from the original price.

Front

What is the formula for calculating total cost including tax?

Back

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