Tax, Tip, Discount

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.

Tags

CCSS.6.RP.A.3C

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 an 18% tip on a $75.45 bill, calculate 75.45 x 0.18.

Tags

CCSS.6.RP.A.3C

Front

What is a discount?

Back

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

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a discount?

Back

To find the sale price, subtract the discount amount from the original price. For example, if a $100 item has a 25% discount, the discount is $25, making the sale price $75.

Tags

CCSS.6.RP.A.3C

Front

What is tax?

Back

Tax is a percentage of the cost of goods or services that is added to the total price, usually collected by the government.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate tax on a purchase?

Back

To calculate tax, multiply the total cost by the tax rate (expressed as a decimal). For example, for a $50 item with a 6% tax rate, calculate 50 x 0.06.

Tags

CCSS.6.RP.A.3B

Front

What does it mean to add tax to a total?

Back

Adding tax means increasing the total cost of an item by the tax amount, which is calculated as a percentage of the item's price.

Tags

CCSS.6.RP.A.3C

Front

If an item costs $80 and the tax rate is 5%, what is the total cost including tax?

Back

The tax is $4 (80 x 0.05), so the total cost is $84.

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating a percentage?

Back

The formula for calculating a percentage is: (part/whole) x 100.

Front

Convert 0.061 to a percentage.

Back

0.061 as a percent is 6.1%.