What is a tip and how is it calculated?
Tax, Tips, and Discounts

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
A tip is a small amount of money given to someone for their service, typically calculated as a percentage of the total bill. For example, a 15% tip on a $100 bill is $15.
2.
FLASHCARD QUESTION
Front
How do you calculate a percentage of a number?
Back
To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 28% of 240, calculate 240 * 0.28 = 67.2.
3.
FLASHCARD QUESTION
Front
What does 'discount' mean?
Back
A discount is a reduction in the price of a product or service. It is often expressed as a percentage of the original price.
4.
FLASHCARD QUESTION
Front
How do you calculate the amount of a discount?
Back
To calculate the amount of a discount, multiply the original price by the discount percentage (in decimal form). For example, a 40% discount on an $85 jacket is 85 * 0.40 = $34.
5.
FLASHCARD QUESTION
Front
What is the formula to find the total cost after a tip is added?
Back
Total Cost = Original Bill + (Tip Percentage * Original Bill). For example, if the bill is $256.18 and the tip is 15%, the total cost is $256.18 + (0.15 * 256.18) = $294.01.
6.
FLASHCARD QUESTION
Front
How do you convert a fraction to a percentage?
Back
7.
FLASHCARD QUESTION
Front
What is the relationship between fractions and percentages?
Back
Fractions and percentages are two ways to express a part of a whole. A percentage is a fraction with a denominator of 100.
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