Tax, Tip, Markup, Discount

Front

What is the formula to calculate the percentage of a number?

Back

To calculate the percentage of a number, use the formula: (Part/Whole) x 100.

Front

How do you calculate a discount on a purchase?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal) and subtract that amount from the original price.

Front

What is the formula to find the final price after applying sales tax?

Back

Final Price = Original Price + (Original Price x Sales Tax Rate).

Front

How do you calculate percent decrease?

Back

Percent Decrease = [(Original Value - New Value) / Original Value] x 100.

Front

What is the difference between markup and discount?

Back

Markup is the amount added to the cost price to determine the selling price, while discount is a reduction from the original selling price.

Front

How do you calculate the markup percentage?

Back

Markup Percentage = [(Selling Price - Cost Price) / Cost Price] x 100.

Front

What is a sales tax?

Back

Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.

Front

How do you find the percent of change?

Back

Percent of Change = [(New Value - Original Value) / Original Value] x 100.

Front

What does it mean to apply a discount code?

Back

Applying a discount code reduces the total price of a purchase by a specified percentage or amount.

Front

How do you calculate the total cost after applying a discount and tax?

Back

Total Cost = (Original Price - Discount) + Sales Tax on the discounted price.