Percent Application

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal). For example, for an 8.5% tax on $34, calculate $34 x 0.085 = $2.89.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically calculated as 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). For example, for a $29.99 meal with a 15% tip, calculate $29.99 x 0.15 = $4.50.

Front

What is the formula to find the total cost including tax?

Back

Total Cost = Original Price + (Original Price x Tax Rate).

Front

How do you find the new sales goal after a percentage increase?

Back

To find the new sales goal, multiply the current sales by (1 + percentage increase). For example, for a 20% increase on 45 items: 45 x 1.20 = 54 items.

Front

What does it mean to increase a number by a percentage?

Back

Increasing a number by a percentage means adding that percentage of the number to the original number.

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 25% becomes 0.25.

Front

What is the total cost of an item after tax?

Back

The total cost after tax is the original price plus the sales tax. For example, for a $24.99 item with a 4% tax: Total = $24.99 + ($24.99 x 0.04) = $25.99.

Front

What is the difference between gross and net amounts?

Back

Gross amount is the total before any deductions (like tax or tips), while net amount is what remains after deductions.