
FLASHCARD Discount/SalesTax/Tip
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a small amount of money given to someone for their service, typically calculated as a percentage of the total bill.
2.
FLASHCARD QUESTION
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 20% tip on a $50 bill: $50 x 0.20 = $10.
3.
FLASHCARD QUESTION
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.
4.
FLASHCARD QUESTION
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 $100 item with a 5% sales tax: $100 x 0.05 = $5.
5.
FLASHCARD QUESTION
Front
What is the final price including sales tax?
Back
The final price is the original price plus the sales tax. For example, if an item costs $100 and the sales tax is $5, the final price is $105.
6.
FLASHCARD QUESTION
Front
What does 'discount' mean?
Back
A discount is a reduction in the price of a product or service, often expressed as a percentage.
7.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
To calculate the sale price, subtract the discount amount from the original price. For example, if a shirt costs $25 and has an 8% discount: $25 x 0.08 = $2; Sale price = $25 - $2 = $23.
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