Sales Tax, Tips, and Discounts

Front

What is sales tax?

Back

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

Front

How do you calculate the final price including sales tax?

Back

To calculate the final price, multiply the original price by the sales tax rate (as a decimal), then add that amount to the original price.

Front

If a T.V costs $990 and has a sales tax of 9%, what is the final price?

Back

$1,079.10

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).

Front

If a lunch costs $20 and you leave a 20% tip, how much is the tip?

Back

$4.00

Front

What is a discount?

Back

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

Front

How do you calculate the amount saved with a discount?

Back

To calculate the amount saved, multiply the original price by the discount percentage (as a decimal).

Front

If an item costs $22 and has a 25% discount, how much do you save?

Back

$5.50

Front

What is the total cost after applying a discount?

Back

To find the total cost after a discount, subtract the discount amount from the original price.