Taxes, tips and discounts

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually in restaurants, as a way to show appreciation.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal). For example, for a 15% tip on a $50 bill: $50 x 0.15 = $7.50.

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

Front

What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the government.

Front

How do you calculate total cost including tax?

Back

To calculate total cost including tax, multiply the original price by the sales tax rate (as a decimal) and add that to the original price.

Front

Convert 25% to a decimal.

Back

0.25

Front

If an item costs $100 and has a 20% discount, what is the sale price?

Back

$80.00

Front

What is the formula to find the total cost after tax?

Back

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