Calculating Tips and Taxes

The video tutorial explains how to calculate tax and tip on a restaurant bill. It begins by defining tax and tip as percentages of the total bill. The tutorial then demonstrates how to calculate a 7% tax on a $50 meal, resulting in $3.50. Next, it shows how to calculate a 20% tip, which amounts to $10. Finally, the video adds the original bill, tax, and tip to find the total cost of the meal, which is $63.50. The lesson concludes with a recap of the calculations.

What is the primary purpose of a tax?

• To reward service providers

• To contribute to government revenue

• To increase the cost of goods

• To provide discounts

How is a tip different from a tax?

• A tip is calculated before tax

• A tip is mandatory, while a tax is optional

• A tip is a percentage of the bill, while a tax is a fixed amount

• A tip is given for service, while a tax is a government contribution

If the tax rate is 7%, how much tax would be added to a $50 bill?

• $3.50

• $7.00

• $5.00

• $3.00

What is the decimal equivalent of 7%?

• 7.0

• 0.007

• 0.7

• 0.07

How do you calculate 7% of a $50 bill?

• Add 7 to 50

• Divide 50 by 0.07

• Multiply 50 by 0.07

• Multiply 50 by 0.7

What percentage of the bill is typically given as a tip?

• 15%

• 10%

• 20%

• 5%

How much tip would be given on a $50 bill with a 20% tip rate?

• $5.00

• $15.00

• $10.00

• $20.00

What is the decimal equivalent of 20%?

• 0.2

• 2.0

• 0.02

• 20.0

How do you calculate 20% of a $50 bill?

• Multiply 50 by 0.2

• Multiply 50 by 2.0

• Divide 50 by 0.2

• Add 20 to 50

What is the total cost of the meal including a $3.50 tax and a $10 tip on a $50 bill?

• $60.00

• $63.50

• $65.00

• $70.00