Tax, Tip, Discount, Commission

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually calculated as 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 (as a decimal). For example, for a $50 bill with a 20% tip: $50 x 0.20 = $10.

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, often expressed as a percentage off the original price.

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.

Front

What is a commission?

Back

A commission is a fee paid to an agent or employee based on the sales they generate, usually expressed as a percentage of the sales amount.

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal). For example, for $1,000 in sales with a 10% commission: $1,000 x 0.10 = $100.

Front

What is the formula to convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 25% becomes 0.25.

Front

How much is a 23% tip on a $27.31 bill?

Back

$6.28

Front

If Sharon sells $37,000 worth of items and earns 17% commission, how much does she earn?

Back

$6,290

Front

How much is an 18% tip on a $75.45 dinner?

Back

$13.58