Tax, Tip and Discounts

Front

What is a tip?

Back

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

Tags

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

CCSS.L.3.4D

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal). For example, for a $20 bill with a 15% tip, calculate 20 x 0.15 = $3.

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, often expressed as a percentage of the original price.

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 (as a decimal) and subtract that amount from the original price.

Tags

CCSS.6.RP.A.3B

Front

What is sales tax?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the total price of the item by the sales tax rate (as a decimal). For example, for a $50 item with a 6% sales tax, calculate 50 x 0.06 = $3.

Tags

CCSS.6.RP.A.3D

Front

What is the total cost of a meal including tip?

Back

The total cost of a meal including tip is the sum of the meal price, sales tax, and tip.

Tags

CCSS.6.RP.A.3D

Front

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

Back

Total cost = $30 + ($30 x 0.08) = $30 + $2.40 = $32.40.

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating the total cost after applying a discount?

Back

Total cost after discount = Original price - (Original price x Discount percentage).

Tags

CCSS.6.RP.A.3C

Front

If a pair of shoes costs $50 and has a 20% discount, what is the new price?

Back

New price = $50 - ($50 x 0.20) = $50 - $10 = $40.

Tags

CCSS.6.RP.A.3C