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Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically 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 (expressed as a decimal). For example, for a $100 bill with a 15% tip, the calculation is $100 x 0.15 = $15.

Front

What is sales tax?

Back

Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.

Front

How do you calculate total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the purchase price by the sales tax rate (as a decimal) and then add that amount to the original price. For example, for a $100 item with a 6% sales tax, the total cost is $100 + ($100 x 0.06) = $106.

Front

What is the formula for calculating a percentage?

Back

The formula for calculating a percentage is: (part/whole) x 100. For example, if you scored 45 out of 60 on a test, the percentage is (45/60) x 100 = 75%.

Front

If a meal costs $50 and you want to leave a 20% tip, how much is the tip?

Back

The tip is $50 x 0.20 = $10.

Front

What is the total cost of a $200 item with a 5% sales tax?

Back

The total cost is $200 + ($200 x 0.05) = $210.

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, 15% as a decimal is 15/100 = 0.15.

Front

What is the difference between gross and net amount?

Back

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

Front

If you have a $30 bill and want to leave a 15% tip, what is the total amount you will pay?

Back

Total amount = $30 + ($30 x 0.15) = $30 + $4.50 = $34.50.