Tax & Tip

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually in the hospitality industry, as a way to show appreciation.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 15% of $100, calculate 100 x 0.15 = $15.

Front

What is 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 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 (in decimal form) and add that amount to the original price.

Front

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

Back

$10.00

Front

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

Back

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