Tips, Sales Tax, and Discounts

Front

What is a discount?

Back

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

Front

How do you calculate the amount saved from a discount?

Back

To calculate the amount saved from a discount, multiply the original price by the discount percentage (in decimal form).

Front

What is sales tax?

Back

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

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 (in decimal form) and add it to the original price.

Front

Convert 25% to decimal form.

Back

0.25

Front

Convert 40% to decimal form.

Back

0.40

Front

If an item costs $50 and is on sale for 20% off, how much do you save?

Back

$10.00

Front

If you want to leave a 15% tip on a $40 bill, how much should you tip?

Back

$6.00

Front

What is the formula to find the final price after a discount?

Back

Final Price = Original Price - (Original Price x Discount Percentage)