Discount, tax and tip

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 (expressed as a decimal). For example, for a $20 bill with a 20% tip: $20 x 0.20 = $4.

Front

What does it mean to apply a discount?

Back

Applying a discount means reducing the original price of an item, usually expressed as a percentage.

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.

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.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the total price by the sales tax rate (expressed as a decimal). For example, for a $50 item with a 5% tax: $50 x 0.05 = $2.50.

Front

If a DVD costs $15 and is marked 10% off, what is the discount amount?

Back

The discount amount is $1.50.

Front

If Angela spends $30 and leaves a 15% tip, how much is the tip?

Back

The tip is $4.50.

Front

What is the total cost if you add a $4 tip to a $20 meal?

Back

The total cost is $24.

Front

If a restaurant bill is $50 and the tip is 20%, what is the total amount paid?

Back

The total amount paid is $60.