Tax, Tip, Discount

Front

What is a discount?

Back

A discount is a percentage of the cost that is subtracted from the total.

Front

How do you calculate the total cost after applying a discount?

Back

To calculate the total cost after applying a discount, subtract the discount amount from the original price.

Front

What is sales tax?

Back

Sales tax is a percentage added to the cost of goods and services.

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the original price by the sales tax rate and add that amount to the original price.

Front

What is a tip?

Back

A tip is a percentage of the cost that is added to the total, usually given for service.

Front

How do you calculate the total cost after adding a tip?

Back

To calculate the total cost after adding a tip, multiply the original price by the tip percentage and add that amount to the original price.

Front

If a necklace costs $38.25 and has a 6% sales tax, what is the total cost?

Back

The total cost is $40.55.

Front

If a McChicken costs $1.49 and has a 5% meals tax, what is the total cost?

Back

The total cost is $1.56.

Front

If breakfast at Denny’s costs $8.63 and you give a 15% tip, what is the total cost?

Back

The total cost is $9.92.

Front

What does it mean to subtract a discount from a total?

Back

It means to reduce the total amount by the percentage of the discount.