Tax, Tip, Discount

Front

What is tax?

Back

Tax is a percentage of the cost that is added to the total price of goods or services.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (as a decimal) and then add that amount to the original cost.

Front

What is a tip?

Back

A tip is a percentage of the cost of a service that is added to the total as a reward for service.

Front

How do you convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add a percent sign.

Front

What is the formula to calculate the total cost including tax?

Back

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