What is a tip?
Tax, Tip, Discount

Flashcard
•
Mathematics
•
6th - 9th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
A tip is a small amount of money given to someone for their service, usually calculated as a percentage of the total bill.
2.
FLASHCARD QUESTION
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 $25 bill with a 20% tip: $25 x 0.20 = $5.
3.
FLASHCARD QUESTION
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.
4.
FLASHCARD QUESTION
Front
How is sales tax calculated?
Back
To calculate sales tax, multiply the price of the item by the sales tax rate (expressed as a decimal). For example, for a $100 item with a 5% sales tax: $100 x 0.05 = $5.
5.
FLASHCARD QUESTION
Front
What is a discount?
Back
A discount is a reduction in the price of a product or service, usually expressed as a percentage of the original price.
6.
FLASHCARD QUESTION
Front
How do you calculate a discount?
Back
To calculate a discount, multiply the original price by the discount percentage (expressed as a decimal) and subtract that amount from the original price.
7.
FLASHCARD QUESTION
Front
If an item costs $50 and has a 10% discount, what is the sale price?
Back
The discount is $50 x 0.10 = $5. The sale price is $50 - $5 = $45.
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