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.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total cost of the service by the tip percentage (as a decimal). For example, a 15% tip on a $20 meal is $20 x 0.15 = $3.

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, often expressed as a percentage off the original price.

Front

How do you calculate the sale price after a discount?

Back

To find the sale price, subtract the discount amount from the original price. The discount amount is calculated by multiplying the original price by the discount percentage (as a decimal).

Front

What is the formula to find the discount amount?

Back

Discount Amount = Original Price x Discount Percentage.

Front

If an item costs $50 and has a 20% discount, what is the discount amount?

Back

The discount amount is $10, calculated as $50 x 0.20.

Front

What is tax?

Back

Tax is a mandatory financial charge imposed by a government on individuals or businesses, usually calculated as a percentage of the sale price.

Front

How do you calculate the total cost including tax?

Back

To calculate the total cost including tax, multiply the original price by the tax rate (as a decimal) and add that amount to the original price.

Front

If a meal costs $30 and the tax rate is 8%, what is the total cost?

Back

The total cost is $32.40, calculated as $30 + ($30 x 0.08).

Front

What is 0.25 as a percent?

Back

0.25 as a percent is 25%.