Tax, Tip, Discount

Front

What is a percent?

Back

A percent is a way of expressing a number as a fraction of 100. It is denoted by the symbol '%'. For example, 50% means 50 out of 100.

Front

How do you convert a decimal to a percent?

Back

To convert a decimal to a percent, multiply the decimal by 100 and add the percent symbol. For example, 0.98 x 100 = 98%.

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 amount of a discount?

Back

To calculate the amount of a discount, multiply the original price by the discount percentage (as a decimal). For example, for a $100 item with a 20% discount: $100 x 0.20 = $20 discount.

Front

What is the final price after a discount?

Back

The final price after a discount is calculated by subtracting the discount amount from the original price. For example, if an item costs $100 and has a $20 discount, the final price is $100 - $20 = $80.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, usually expressed 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). For example, for a $50 meal with a 20% tip: $50 x 0.20 = $10 tip.

Front

What is sales tax?

Back

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

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal). For example, for a $100 item with a 6% sales tax: $100 x 0.06 = $6 sales tax.

Front

What is the total cost including tax?

Back

The total cost including tax is calculated by adding the sales tax to the original price. For example, if an item costs $100 and has $6 sales tax, the total cost is $100 + $6 = $106.