Tips, Sales Tax, and Discounts

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 the amount of discount?

Back

To calculate the amount of discount, multiply the original price by the discount percentage (in decimal form).

Front

If an item costs $100 and has a 20% discount, how much is the discount?

Back

The discount is $20.

Front

What is the sale price after applying a discount?

Back

The sale price is the original price minus the discount amount.

Front

How do you calculate the sale price of an item?

Back

Sale Price = Original Price - (Original Price x Discount 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

If an item costs $50 and the sales tax is 8%, what is the total cost?

Back

Total Cost = $50 + ($50 x 0.08) = $54.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, often calculated as a percentage of the total bill.

Front

If a dinner bill is $30 and you want to leave a 15% tip, how much do you leave?

Back

Tip = $30 x 0.15 = $4.50.

Front

What is the formula to calculate the percentage of a number?

Back

Percentage = (Part / Whole) x 100.