Exploring Tips and Discounts in Everyday Transactions

This video tutorial covers the concepts of discounts, markups, sales tax, and tips. It provides examples of how to calculate discounts and markups on retail items, how to add sales tax to a purchase, and how to calculate the final price after applying a discount and adding a tip. The video uses practical examples, such as clothing and dinner bills, to illustrate these concepts.

What is the main difference between a discount and a markup?

• Both discounts and markups are subtracted from the original price.

• Both discounts and markups are added to the original price.

• Discounts are subtracted from the original price, while markups are added.

• Discounts are added to the original price, while markups are subtracted.

If a pair of jeans costs $58 and is 15% off, what is the discount amount?

• $6.80

• $9.70

• $7.80

• $8.70

A bike originally costs $295.49 and is 60% off. What is the selling price after the discount?

• $118.20

• $116.20

• $117.20

• $115.20

A wedding dress is marked up by 3% from its original price of $625. What is the new selling price?

• $642.75

• $645.75

• $641.75

• $643.75

What is the selling price of a digital camera that costs $250 with a 12% markup?

• $300

• $270

• $280

• $290

What is sales tax?

• A percentage subtracted from the selling price.

• A fixed amount added to the selling price.

• A percentage added to the selling price.

• A fixed amount subtracted from the selling price.

If a laptop costs $849.99 and the sales tax is 6%, what is the final price?

• $900.99

• $899.99

• $901.99

• $902.99

A watch costs $105 and is 30% off. If the sales tax is 8%, what is the final price?

• $78.38

• $76.38

• $79.38

• $77.38

Katie bought a dress for $76 at 33% off and shoes for $52 at 15% off. If the sales tax is 6.75%, what is the total amount she pays?

• $103.54

• $102.54

• $100.54

• $101.54

Greg and Alana's dinner bill was $68.89. After a $10 coupon and a 15% tip, what is their total payment?

• $69.72

• $67.72

• $66.72

• $68.72