Discount, Sales Tax and Tip

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage × Original Price)

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price that is added to the cost of a product or service, collected by the seller.

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Sale Price + (Sales Tax Rate × Sale Price)

Front

What is a tip?

Back

A tip is a small amount of money given to service workers as a reward for their service, often expressed as a percentage of the total bill.

Front

How do you calculate a tip?

Back

Tip Amount = Total Bill × Tip Percentage

Front

If a video costs $25.95 and is on sale for 25% off, what is the sale price?

Back

Sale Price = $25.95 - (0.25 × $25.95) = $19.46

Front

If a car costs $24,000 and has an 8% employee discount, how much does the employee pay?

Back

Employee pays = $24,000 × (1 - 0.08) = $22,080.

Front

What is the sale price of a $10 shirt with a 25% discount?

Back

Sale Price = $10 - (0.25 × $10) = $7.50

Front

If Johnny buys a computer for $1,080 with a 20% discount and 8% sales tax, what is the total price?

Back

Total Price = ($1,080 - (0.20 × $1,080)) × 1.08 = $933.12