Tax, Tip, Discount

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.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (expressed as a decimal). For example, for a $26 bill with a 15% tip: 26 x 0.15 = $3.90.

Tags

CCSS.6.RP.A.3C

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (expressed as a decimal) and subtract that amount from the original price.

Tags

CCSS.6.RP.A.3C

Front

What does it mean to subtract a discount from a price?

Back

It means to reduce the original price by the amount of the discount.

Tags

CCSS.7.NS.A.1D

Front

How do you convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add a percent sign. For example, 0.061 x 100 = 6.1%.

Front

What is the formula to find the final price after a discount and tax?

Back

Final Price = (Original Price - Discount) + Tax on Discounted Price.

Tags

CCSS.7.NS.A.1D

Front

If an item costs $100 and has a 20% discount, what is the discounted price?

Back

Discounted Price = $100 - ($100 x 0.20) = $80.

Tags

CCSS.6.RP.A.3C

Front

If the discounted price is $80 and the sales tax is 6%, what is the total cost?

Back

Total Cost = $80 + ($80 x 0.06) = $84.80.

Tags

CCSS.6.RP.A.3C

Front

What is the sales tax?

Back

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

Tags

CCSS.6.RP.A.3C