Percent Applications

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

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 the formula to find the total price after tax?

Back

Total Price = Original Price + (Original Price × Tax Rate)

Front

How do you calculate a tip based on a bill?

Back

To calculate a tip, multiply the total bill amount by the tip percentage (as a decimal).

Front

What is commission?

Back

Commission is a fee paid to an employee based on the sales they make, usually expressed as a percentage of the sales.

Front

How do you find the total cost of an item including tax?

Back

Total Cost = Item Price + (Item Price × Tax Rate)

Front

What does it mean to find the sales price?

Back

The sales price is the final price after any discounts have been applied to the original price.

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100.

Front

What is the relationship between discount and sales price?

Back

The sales price is the original price minus the discount.

Front

How do you calculate the total bill including tax and tip?

Back

Total Bill = (Bill Amount + (Bill Amount × Tax Rate)) + (Bill Amount × Tip Rate)