Tax, Tip, Discount

Front

What is a tip?

Back

A tip is an extra amount of money given to someone for their service, usually calculated as a percentage of the total bill.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total cost by the tip percentage (expressed as a decimal). For example, for a 20% tip on a $15 haircut: $15 x 0.20 = $3.

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 a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (expressed as a decimal) and subtract that amount from the original price.

Front

What is tax?

Back

Tax is an additional amount of money added to the price of goods or services, usually expressed as a percentage.

Front

How do you calculate tax?

Back

To calculate tax, multiply the total cost by the tax rate (expressed as a decimal). For example, for a 5% tax on a $1.49 meal: $1.49 x 0.05 = $0.0745.

Front

What is the total cost after adding a tip?

Back

The total cost after adding a tip is the original cost plus the calculated tip.

Front

What is the total cost after applying a discount?

Back

The total cost after applying a discount is the original price minus the calculated discount.

Front

What is the total cost after adding tax?

Back

The total cost after adding tax is the original cost plus the calculated tax.

Front

If a haircut costs $15 and you give a 20% tip, what is the total cost?

Back

$18.00