Tax, Tip, Discount, Commission

Front

What is a discount?

Back

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 final price after a discount?

Back

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

Front

What is a tax?

Back

A mandatory financial charge imposed by a government on individuals or businesses, usually calculated as a percentage of income or sales.

Front

How do you calculate sales tax?

Back

Sales Tax = Price of Item × Tax Rate

Front

What is a tip?

Back

A small amount of money given to someone for their service, typically expressed as a percentage of the total bill.

Front

How do you calculate a tip?

Back

Tip = Total Bill × Tip Percentage

Front

What is a commission?

Back

A fee paid to an employee or agent for services rendered, usually calculated as a percentage of the sales made.

Front

How do you calculate commission?

Back

Commission = Total Sales × Commission Rate

Front

Convert 3.2% into a decimal.

Back

0.032

Front

If a jacket costs $85 and is on sale for 40% off, how much do you pay?

Back

$51