Exploring Sales Tax, Tips, and Discounts

This video tutorial covers the concepts of sales tax, tips, and discounts. It explains how to calculate the final price of an item by adding sales tax or tips and subtracting discounts. The video provides step-by-step instructions and examples to help understand these calculations. It also highlights the importance of converting percentages to decimals and rounding appropriately when dealing with money.

What is sales tax?

• A discount on the total price

• An additional amount charged on items bought

• A tip given for good service

• A refund on purchased items

What is a tip or gratuity?

• A discount on the total price

• An additional amount charged on items bought

• A small amount of money given for a service

• A refund on purchased items

How do you calculate the amount of sales tax or tip?

• Multiply the percent by the price and subtract it

• Multiply the percent by the price and add it

• Divide the price by the percent and add it

• Divide the price by the percent and subtract it

If a video game costs $60 and the sales tax is 8%, what is the total price?

• $66.00

• $62.40

• $68.00

• $64.80

How do you convert a percentage to a decimal?

• Move the decimal point two places to the right

• Move the decimal point one place to the right

• Move the decimal point two places to the left

• Move the decimal point one place to the left

What is the first step in calculating a discount?

• Multiply the percentage by the price

• Divide the price by the percentage

• Add the percentage to the price

• Subtract the percentage from the price

If an item costs $22 and has a 25% discount, what is the discounted price?

• $17.00

• $16.50

• $19.00

• $18.50

How do you calculate the final price after a discount?

• Add the discount to the original price

• Multiply the discount by the original price

• Subtract the discount from the original price

• Divide the original price by the discount

If a television is on sale for 20% off and the original price is $375, what is the price after the discount?

• $280

• $350

• $320

• $300

After applying an 8% sales tax to a discounted price of $300, what is the final price?

• $324

• $330

• $310

• $340