Discount/Tax/Tip & % Change

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Cost of Item x Sales Tax Rate.

Front

If a meal costs $50 and the sales tax is 10%, what is the total cost?

Back

Total Cost = $50 + ($50 x 0.10) = $55.

Front

What does 'discount' mean in terms of pricing?

Back

A discount is a reduction in the original price of an item.

Front

How do you calculate the percent of change?

Back

Percent of Change = (New Value - Old Value) / Old Value x 100.

Front

What is 15% of 200?

Back

15% of 200 = 0.15 x 200 = 30.

Front

If an item originally costs $80 and is on sale for $60, what is the discount percentage?

Back

Discount Percentage = (($80 - $60) / $80) x 100 = 25%.

Front

What is a gratuity?

Back

A gratuity is a sum of money given to someone for their services, often referred to as a tip.

Front

If you want to leave a 20% tip on a $30 meal, how much do you leave?

Back

Tip = $30 x 0.20 = $6.

Front

What is the total cost of a $25 meal with a 5% sales tax?

Back

Total Cost = $25 + ($25 x 0.05) = $26.25.

Front

What is the meaning of 'percent'?

Back

Percent means 'per hundred' and is used to express a number as a fraction of 100.