Tax and Tip

Front

What is tax?

Back

Tax is a percentage of the price of a good or service that is added to the total cost, collected by the government.

Tags

CCSS.6.RP.A.3C

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually calculated as a percentage of the total bill.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal) and add it to the original price.

Tags

CCSS.6.RP.A.3D

Front

If a product costs $50 and the sales tax is 8%, what is the total cost?

Back

Total cost = $50 + ($50 * 0.08) = $54.

Tags

CCSS.6.RP.A.3C

Front

What is the formula to calculate a tip?

Back

Tip = Total Bill Amount x Tip Percentage (as a decimal).

Tags

CCSS.7.RP.A.3

Front

If a dinner bill is $40 and you want to leave a 20% tip, how much is the tip?

Back

Tip = $40 x 0.20 = $8.

Tags

CCSS.6.RP.A.3C

Front

What does it mean to convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100.

Front

Convert 25% to a decimal.

Back

0.25

Front

What is the total cost if you buy a $30 item with a 10% tax?

Back

Total cost = $30 + ($30 * 0.10) = $33.

Tags

CCSS.6.RP.A.3C

Front

If you leave a 15% tip on a $60 bill, how much do you leave?

Back

Tip = $60 x 0.15 = $9.

Tags

CCSS.6.RP.A.3C