Tax & Tip (Calculating Both & Total)

Front

What is the formula to calculate the total cost of a meal including tip?

Back

Total Cost = Meal Cost + (Meal Cost * Tip Percentage)

Front

How do you calculate the amount of sales tax on a purchase?

Back

Sales Tax = Purchase Price * Sales Tax Rate

Front

What is the difference between a tip and sales tax?

Back

A tip is a voluntary payment for service, while sales tax is a mandatory tax imposed by the government on sales.

Front

If a meal costs $50 and you want to leave a 20% tip, how much is the tip?

Back

Tip = $50 * 0.20 = $10.

Front

What is the total cost of a meal that costs $40 with a 15% tip?

Back

Total Cost = $40 + ($40 * 0.15) = $46.

Front

How do you find the total price of an item including sales tax?

Back

Total Price = Item Price + (Item Price * Sales Tax Rate)

Front

If a smartphone costs $600 and the sales tax is 7.5%, what is the total cost?

Back

Total Cost = $600 + ($600 * 0.075) = $645.

Front

What is the total cost of a meal that costs $40 with a 5% sales tax and an 18% tip on the pre-tax amount?

Back

Total Cost = $40 + ($40 * 0.05) + (($40) * 0.18) = $49.20.

Front

What is the sales tax on a $800 television with an 8.25% sales tax rate?

Back

Sales Tax = $800 * 0.0825 = $66.

Front

How do you convert a percentage to a decimal for calculations?

Back

To convert a percentage to a decimal, divide by 100 (e.g., 15% = 0.15).