Tax Tip Discount

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically in the hospitality industry, as a way to show appreciation.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 20% of $50, calculate 50 x 0.20 = $10.

Front

What is the formula to calculate the total bill including tip?

Back

Total Bill = Cost of Meal + (Cost of Meal x Tip Percentage).

Front

If a meal costs $40 and the tip is 15%, what is the total bill?

Back

Total Bill = 40 + (40 x 0.15) = 40 + 6 = $46.

Front

What does 'discount' mean?

Back

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

Front

How do you calculate the sale price after a discount?

Back

Sale Price = Original Price - (Original Price x Discount Percentage).

Front

If a jacket originally costs $100 and is on sale for 25% off, what is the sale price?

Back

Sale Price = 100 - (100 x 0.25) = 100 - 25 = $75.

Front

What is commission?

Back

Commission is a fee paid to an employee or agent for their services, usually calculated as a percentage of the sales they make.

Front

How do you calculate commission earned?

Back

Commission Earned = Total Sales x Commission Rate.

Front

If Amelia sells $10,000 worth of jewelry and earns a 12% commission, how much does she earn?

Back

Commission Earned = 10,000 x 0.12 = $1,200.