Review Percent Test

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Price × Sales Tax Rate

Front

How do you calculate gratuity (tip)?

Back

Gratuity = Meal Cost × Gratuity Rate

Front

What is the total cost if a meal costs $20 with a 9% sales tax and a 20% gratuity?

Back

Total Cost = $20 + ($20 × 0.09) + [($20 + ($20 × 0.09)) × 0.20] = $26.16

Front

How do you find the original price after a discount?

Back

Original Price = Sale Price / (1 - Discount Rate)