Tax, Tip, Discount

Front

What is a discount?

Back

A discount is a reduction in the regular price of a product or service.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal) and subtract that amount from the original price.

Front

If a jacket costs $62 and has a 15% discount, how much is the discount?

Back

$9.30

Front

When you receive a discount, do you add or subtract from the total?

Back

Subtract.

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 price of the item by the sales tax rate (as a decimal).

Front

If a battery costs $72 and the sales tax is 7.5%, what is the total cost?

Back

$77.40

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).

Front

If a meal costs $120.30 and a 20% tip is added, how much is the tip?

Back

$24.06