Discount, Tax, and Tip

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually calculated as a percentage of the total bill.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total amount of the bill by the tip percentage (e.g., for a 20% tip on a $20 bill, calculate 20% of $20).

Front

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

Back

$4

Front

What is the total cost if you pay $20 for a meal and leave a 20% tip?

Back

$24

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage and subtract that amount from the original price.

Front

If a shirt costs $50 and has a 10% discount, how much do you save?

Back

$5

Front

What is sales tax?

Back

Sales tax is an additional amount of money added to the price of goods and services, usually expressed as a percentage.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate.

Front

If a meal costs $20 and the sales tax is 8%, how much is the sales tax?

Back

$1.60