Finding Discount, Tax, Gratuity, and Commission

Front

What is a discount?

Back

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

Front

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

Back

Subtract.

Front

How do you calculate the amount of a discount?

Back

To calculate the amount of a discount, multiply the original price by the discount percentage (in decimal form).

Front

If an item costs $100 and has a 20% discount, what is the discount amount?

Back

$20.

Front

What is the final price after applying a 20% discount on a $100 item?

Back

$80.

Front

What is tax in terms of purchases?

Back

Tax is an additional amount of money added to the price of a product or service, usually expressed as a percentage.

Front

If a product costs $50 and the sales tax is 8%, how much tax do you pay?

Back

$4.

Front

What is gratuity?

Back

Gratuity, often referred to as a tip, is a sum of money given to service workers for their service, usually expressed as a percentage of the total bill.

Front

If you receive a bill of $30 and want to leave a 15% tip, how much do you tip?

Back

$4.50.

Front

What is commission?

Back

Commission is a fee paid to an agent or employee for their services, usually calculated as a percentage of the sales they generate.