Tax, Tip, and Discount

Front

What is tax?

Back

Tax is a percentage of the purchase price that is added to the total cost of an item, collected by the government.

Front

How do you calculate the total cost of an item including tax?

Back

To calculate the total cost, multiply the item's price by the tax rate (as a decimal), then add that amount to the original price.

Front

What is a tip?

Back

A tip is a small amount of money given to service workers, 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

What is a discount?

Back

A discount is a reduction in the price of an item, often expressed as a percentage of the original price.

Front

How do you calculate the amount saved from a discount?

Back

To calculate the amount saved, multiply the original price by the discount percentage (as a decimal).

Front

If an item costs $22.00 and has a 25% discount, how much do you save?

Back

You save $5.50.

Front

What is the final price of an item after applying a discount?

Back

The final price is the original price minus the amount saved from the discount.

Front

If a T.V costs $990 with a 9% sales tax, what is the final price?

Back

The final price is $1,079.10.

Front

How do you find the sale price of an item after a discount?

Back

Subtract the discount amount from the original price.