What is a tip?
Tax and Tip

Flashcard
•
Mathematics
•
7th - 8th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
A tip is a small amount of money given to someone for their service, usually calculated as a percentage of the total bill.
2.
FLASHCARD QUESTION
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% tip on a $20 bill: $20 x 0.20 = $4.
3.
FLASHCARD QUESTION
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.
4.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the price of the item by the sales tax rate (expressed as a decimal). For example, for a $899 TV with a 6.5% tax: $899 x 0.065 = $58.43.
5.
FLASHCARD QUESTION
Front
What is the total cost including tax?
Back
The total cost including tax is the sum of the original price and the sales tax. For example, if a TV costs $899 and the tax is $58.43, the total cost is $899 + $58.43 = $957.43.
6.
FLASHCARD QUESTION
Front
What is a percent of change?
Back
Percent of change measures how much a quantity has increased or decreased relative to its original value, expressed as a percentage.
7.
FLASHCARD QUESTION
Front
How do you calculate percent of change?
Back
Percent of change = (New Value - Original Value) / Original Value x 100%. For example, if a price increases from $100 to $120: (120 - 100) / 100 x 100% = 20%.
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