Tax, Tip, Discount

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.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total cost by the tip percentage (expressed as a decimal). For example, for a 15% tip on an $8.63 bill, calculate 8.63 x 0.15.

Front

What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (expressed as a decimal). For example, for a 6% tax on a $38.25 necklace, calculate 38.25 x 0.06.

Front

What is a discount?

Back

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

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (expressed as a decimal) and subtract that amount from the original price.

Front

What is the total cost after adding tax?

Back

The total cost after adding tax is the original price plus the calculated sales tax.

Front

What is the total cost after adding a tip?

Back

The total cost after adding a tip is the original bill amount plus the calculated tip.

Front

If a meal costs $10 and the tip is 20%, what is the total cost?

Back

Total cost = $10 + ($10 x 0.20) = $12.

Front

If a shirt costs $25 and there is a 10% discount, what is the final price?

Back

Final price = $25 - ($25 x 0.10) = $22.50.