Tax, Tip, Discount

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 sale price after a discount?

Back

Sale Price = Original Price - (Original Price × Discount Rate)

Front

If a pair of boots costs $94.99 and has a 25% discount, what is the sale price?

Back

$71.24

Front

What is tax in relation to the cost of an item?

Back

Tax is a percentage of the cost that is added to the total price of an item.

Front

How do you calculate tax on a purchase?

Back

Tax Amount = Cost of Item × Tax Rate

Front

If a meal costs $8.00 and a 6% tip is added, what is the total cost?

Back

$8.48

Front

What does it mean to add tax to a price?

Back

Adding tax means increasing the total cost of an item by a certain percentage.

Front

What is the formula to find the total cost including tax?

Back

Total Cost = Cost of Item + (Cost of Item × Tax Rate)

Front

If a television costs $900 and is on sale for 30% off, what is the sale price?

Back

$630

Front

What is the difference between a discount and a tip?

Back

A discount reduces the price of an item, while a tip is an additional amount given for service.