Tax, Tip, Discount

Front

What is a percent?

Back

A percent is a way of expressing a number as a fraction of 100. It is denoted by the symbol '%'. For example, 50% means 50 out of 100.

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 the percent symbol. For example, 0.98 x 100 = 98%.

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods or services that is added to the total cost. It is collected by the seller and paid to the government.

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). For example, for a $899 TV with a 6.5% tax rate: $899 x 0.065 = $58.44.

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 bill by the tip percentage (as a decimal). For example, for a $65 meal with a 15% tip: $65 x 0.15 = $9.75.

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, usually 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 (as a decimal) and subtract that amount from the original price.

Front

If an item costs $45 and has a 15% discount, how much is the discount?

Back

The discount is $6.75. Calculation: $45 x 0.15 = $6.75.

Front

What is the total cost after tax?

Back

The total cost after tax is the original price plus the sales tax. For example, if a TV costs $899 and the tax is $58.44, the total cost is $957.44.