Percents (Tax, Tip, Discount)

Front

What is a percent?

Back

A percent is a way to express a number as a fraction of 100. It is often used to describe how much of something there is compared to a whole.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the total cost by the sales tax rate (as a decimal). For example, for a 6% tax on $34, you calculate $34 x 0.06 = $2.04.

Front

What is a tip?

Back

A tip is extra money given to service workers, usually calculated as a percentage of the total bill.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total cost by the tip percentage (as a decimal). For example, for a 20% tip on $34, you calculate $34 x 0.20 = $6.80.

Front

What is a discount?

Back

A discount is a reduction in the price of an item, often expressed as a percentage off the original price.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (as a decimal). For example, for a 30% discount on $200, you calculate $200 x 0.30 = $60.

Front

If an item costs $50 and has a 10% discount, what is the discount amount?

Back

The discount amount is $5.00, calculated as $50 x 0.10.

Front

If you buy a $100 item with a 5% sales tax, what is the total cost?

Back

The total cost is $105.00, calculated as $100 + ($100 x 0.05).

Front

What does '30% off' mean?

Back

'30% off' means you save 30% of the original price when you buy the item.

Front

If a meal costs $40 and you want to leave a 15% tip, how much is the tip?

Back

The tip is $6.00, calculated as $40 x 0.15.