Discounts, Markups, Tax, Tip

Front

What is a discount?

Back

A discount is a reduction in the original price of a product or service, often expressed as a percentage.

Front

How do you calculate the final sale price after a discount?

Back

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

Front

What is a markup?

Back

A markup is an increase in the original price of a product or service, often expressed as a percentage.

Front

How do you calculate the final price after a markup?

Back

Final Price = Original Price + (Original Price × Markup Rate)

Front

What is sales tax?

Back

Sales tax is a percentage added to the sale price of goods and services, collected by the seller and paid to the government.

Front

How do you calculate the total price including sales tax?

Back

Total Price = Sale Price + (Sale Price × Sales Tax Rate)

Front

What is a tip?

Back

A tip is a small amount of money given to service workers as a reward for their service, often expressed as a percentage of the total bill.

Front

How do you calculate the total amount including tip?

Back

Total Amount = Bill Amount + (Bill Amount × Tip Rate)

Front

If an item costs $80 and is on sale for 25% off, what is the sale price?

Back

Sale Price = $80 - ($80 × 0.25) = $60

Front

If a sweater originally costs $50 and is sold for $30, what is the discount percentage?

Back

Discount Percentage = [(Original Price - Sale Price) / Original Price] × 100 = [(50 - 30) / 50] × 100 = 40%.