Tax, Tip, Discount, Commission

Front

What is sales tax?

Back

A sales tax is a percentage of the sale price of goods or services that is added to the total cost, collected by the seller and paid to the government.

Front

How do you calculate the final price including sales tax?

Back

To calculate the final price, multiply the original price by the sales tax rate (as a decimal), then add that amount to the original price.

Front

Convert 9% into a decimal.

Back

.09

Front

What is a tip?

Back

A tip is a sum 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

If a bill is $27.31 and you want to leave a 23% tip, how much should you tip?

Back

$6.28

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 final price after a discount?

Back

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

Front

What is commission?

Back

Commission is a fee paid to an employee or agent for their services, usually calculated as a percentage of the sales they generate.

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal).