Discount, tax, and tip

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 sale price after a discount?

Back

Sale Price = Original Price - Discount Amount.

Front

What is the formula to find the discount amount?

Back

Discount Amount = Original Price x Discount Rate.

Front

If an item costs $100 and has a 20% discount, what is the discount amount?

Back

$20.

Front

What is tax in the context of purchases?

Back

Tax is an additional amount of money added to the price of goods or services, usually expressed as a percentage.

Front

How do you calculate the total cost including tax?

Back

Total Cost = Original Price + (Original Price x Tax Rate).

Front

If a shirt costs $30 and the tax rate is 5%, what is the total cost?

Back

$31.50.

Front

What is a tip?

Back

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

Front

How do you calculate a tip?

Back

Tip = Total Bill x Tip Rate.

Front

If a restaurant bill is $50 and you want to leave a 15% tip, how much is the tip?

Back

$7.50.