percent, tips

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 20% of 50, calculate 50 * 0.20 = 10.

Front

What is gratuity?

Back

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

Front

How do you calculate gratuity?

Back

To calculate gratuity, multiply the total bill by the gratuity percentage. For example, for a $100 bill with an 18% gratuity, calculate 100 * 0.18 = $18.

Front

What is sales tax?

Back

Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the purchase price by the sales tax rate (in decimal form) and add it to the original price. For example, for a $100 item with a 6% tax, total cost = 100 + (100 * 0.06) = $106.

Front

What does 'discount' mean?

Back

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

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price after a discount, subtract the discount amount from the original price. For example, for a $50 item with a 20% discount, discount = 50 * 0.20 = $10, sale price = 50 - 10 = $40.

Front

What is the formula for finding the final price after applying a discount and tax?

Back

Final Price = (Original Price - Discount) + Tax. First, calculate the discount, then subtract it from the original price, and finally add the tax.

Front

If a jacket costs $85 and is on sale for 40% off, how much do you pay?

Back

You pay $51. Calculation: Discount = 85 * 0.40 = $34; Sale Price = 85 - 34 = $51.