Consumer Applications - Tips, Taxes, Discounts

Front

What is a tip?

Back

A tip is a small amount 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 (expressed as a decimal). For example, for a 15% tip on a $30 bill: $30 x 0.15 = $4.50.

Front

What is the total bill if a $30 meal has a 15% tip?

Back

$34.50 (Total Bill = Meal Cost + Tip = $30 + $4.50).

Front

What does '69% off' mean?

Back

'69% off' means that the price is reduced by 69% of the original price.

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 82% becomes 0.82.

Front

What is the formula to find the sale price after a discount?

Back

Sale Price = Original Price - (Original Price x Discount Percentage).

Front

If a jacket costs $50.41 and is on sale for 69% off, what is the sale price?

Back

$15.63 (Sale Price = $50.41 - ($50.41 x 0.69)).

Front

What is gratuity?

Back

Gratuity is another term for a tip, often added to the total bill for services rendered.

Front

How do you find the total cost including tax?

Back

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

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, often expressed as a percentage.