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, 20% of $28.00 is calculated as 28 * 0.20 = $5.60.

Front

What is the total bill if the meal costs $28.00 and a 20% tip is added?

Back

The total bill is $33.60. (Meal cost: $28.00 + Tip: $5.60 = $33.60)

Front

What does 'discount' mean?

Back

A discount is a reduction in the regular price of an item.

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price, subtract the discount amount from the original price. Sale Price = Original Price - Discount.

Front

If an item costs $174 and has a 40% discount, what is the discount amount?

Back

The discount amount is $69.60. (Discount: 174 * 0.40 = $69.60)

Front

What is the sale price of an item that costs $174 with a 40% discount?

Back

The sale price is $104.40. (Sale Price: 174 - 69.60 = 104.40)

Front

What is a commission?

Back

A commission is a fee paid to an employee based on the sales they make.

Front

How do you calculate commission from sales?

Back

To calculate commission, multiply the total sales amount by the commission rate (in decimal form).

Front

If Amelia sells $22,540 worth of jewelry and earns a 12% commission, how much does she earn?

Back

Amelia earns $2,704.80. (Commission: 22,540 * 0.12 = 2,704.80)