Tax & Tip

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price added to the cost of goods and services, collected by the seller and paid to the government.

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 (as a decimal), then add that amount to the original price.

Front

If a water bottle costs $9.45 and the sales tax is 7%, what is the total cost?

Back

$10.11

Front

What is a tip?

Back

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

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal).

Front

If dinner costs $52.37 and you leave a 20% tip, what is the total cost?

Back

$62.84

Front

What is the formula to find the total cost after adding sales tax?

Back

Total Cost = Original Price + (Original Price × Sales Tax Rate)