What is sales tax?
Sales Tax and Tip Practice

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Sales tax is a percentage of the sale price of goods and services that is added to the total cost at the time of purchase.
2.
FLASHCARD QUESTION
Front
How do you calculate the total cost including sales tax?
Back
To calculate the total cost including sales tax, multiply the original price by the sales tax rate (as a decimal), then add that amount to the original price.
3.
FLASHCARD QUESTION
Front
If an item costs $100 and has a sales tax of 8%, what is the total cost?
Back
Total cost = $100 + ($100 * 0.08) = $108.
4.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a sum of money given to someone for their services, typically calculated as a percentage of the total bill.
5.
FLASHCARD QUESTION
Front
How do you calculate a tip amount?
Back
To calculate a tip amount, multiply the total bill by the tip percentage (as a decimal).
6.
FLASHCARD QUESTION
Front
If a meal costs $50 and you want to leave a 15% tip, how much is the tip?
Back
Tip = $50 * 0.15 = $7.50.
7.
FLASHCARD QUESTION
Front
What is the difference between sales tax and tip?
Back
Sales tax is a government-imposed charge on sales, while a tip is a voluntary payment to service workers for their service.
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