Real Life Applications of Percents: Tax, Tip, and Discount

The video tutorial covers real-life applications of percents, including tax, tip, discount, and commission. It provides instructions for preparing materials, explains key concepts, and demonstrates problem-solving techniques using percent calculations. The lesson aims to equip students with practical skills for handling financial transactions involving percents.

What are the main topics covered in the real-life percents section?

• Insurance, retirement, and pensions

• Savings, investments, and stocks

• Interest, mortgage, and loans

• Tax, tip, discount, and commission

Which of the following is NOT a type of tax mentioned in the video?

• Sales tax

• Income tax

• Property tax

• Luxury tax

What is the purpose of a tip?

• To pay for the cost of the meal

• To reduce the overall bill

• To provide extra money to those who serve us

• To cover the sales tax

Which of the following is an example of a discount?

• Promo code

• Commission

• Tip

• Sales tax

What is a commission?

• A percentage earned on something sold

• An extra cost given to a waiter

• A percentage of the original price taken off

• A tax added to the cost of an item