Tax, Tip, Discount

Front

What is a discount?

Back

A discount is a reduction in the price of an item, usually 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 from a discount, multiply the original price by the discount percentage (in decimal form).

Front

If an item costs $50 and has a 20% discount, how much do you save?

Back

You save $10. (Calculation: $50 x 0.20 = $10)

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, often 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 (in decimal form).

Front

If a meal costs $30 and you leave a 15% tip, how much is the tip?

Back

The tip is $4.50. (Calculation: $30 x 0.15 = $4.50)

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.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (in decimal form).

Front

If an item costs $100 and the sales tax is 8%, how much is the sales tax?

Back

The sales tax is $8. (Calculation: $100 x 0.08 = $8)

Front

What is the total cost of an item including tax?

Back

The total cost is the original price plus the sales tax.