Tax, Tip, Discounts Make Up

Front

What is the formula to calculate the total bill after adding a tip?

Back

Total Bill = Original Bill + (Tip Percentage × Original Bill)

Front

How do you calculate a percentage of a given amount?

Back

Percentage of an Amount = (Percentage / 100) × Amount

Front

What does it mean to apply a discount to a price?

Back

Applying a discount means reducing the original price by a certain percentage or amount.

Front

If an item costs $50 and has a 10% discount, what is the sale price?

Back

Sale Price = Original Price - (Discount Percentage × Original Price) = $50 - ($50 × 0.10) = $45.

Front

What is sales tax and how is it calculated?

Back

Sales tax is a percentage added to the price of goods and services. It is calculated as: Sales Tax = Price × Tax Rate.

Front

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

Back

Total Cost = Original Price + Sales Tax.

Front

What is the difference between a tip and a discount?

Back

A tip is an additional amount given for service, while a discount is a reduction in the price of a product or service.

Front

If a restaurant bill is $80 and you want to leave a 15% tip, how much is the tip?

Back

Tip = 15% of $80 = 0.15 × $80 = $12.

Front

What is the total amount paid if a $200 item has a 5% sales tax?

Back

Total Amount = $200 + ($200 × 0.05) = $200 + $10 = $210.

Front

How do you calculate the final price after applying a discount?

Back

Final Price = Original Price - Discount Amount.