Tax, Tip, Discount Proportions

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

How do you calculate the final price after a discount?

Back

Final Price = Original Price - (Original Price x Discount Rate)

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

Sales Tax = Sale Price x Sales Tax Rate

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically expressed as a percentage of the total bill.

Front

How do you calculate a tip?

Back

Tip = Total Bill x Tip Rate

Front

If a pair of boots costs $190 and has a 10% discount, what is the discount amount?

Back

Discount Amount = $190 x 0.10 = $19

Front

If a meal costs $75 and a 20% tip is left, how much is the tip?

Back

Tip = $75 x 0.20 = $15

Front

What is the final price of an item that costs $450 with a 15% discount?

Back

Final Price = $450 - ($450 x 0.15) = $382.50

Front

If a cowboy hat costs $110 and the sales tax is 7.5%, how much is the sales tax?

Back

Sales Tax = $110 x 0.075 = $8.25