Vocabulary
What is markup?
the amount of increase in a price
$60 Jacket: 25% discount
What is the discount amount?
$15 discount
$800 Laptop: 10% discount
What is the sale price?
How much should you generally tip a service worker?
At least 15%
What is a discount?
A decrease in the price of an item.
$200 clock: 50% discount
What is the discount amount?
$60 with a 10% discount
What is the sale price?
$54 sale price
What would a 10% tip on a $7 coffee be?
What is the original price?
The regular price of an item.
$70 dinner: 20% discount
What is the discount amount?
$14 discount
$50 camera: 20% discount
What is the sale price?
$40 sale price
If you want to tip 15% to your tattoo artist for a $100 tattoo, how much should you leave them TOTAL?
Hint: add the tip to the price of the tattoo for the total! If you don't your answer is wrong.
You should tip $115 total
What is tax?
Money collected by the government.
$500 TV: 40% discount
What is the discount amount?
$200 discount
$40 Watch: 30% discount
What is the sale price?
$28 sale price
Your meal at Denny's costs $15, and your server mentioned coming in to cover someone else's shift. You want to tip them a little extra. What would a 20% tip be?
$3.00
What is the sale price?
The reduced cost of an item.
$900 Computer: 30% discount
What is the discount amount?
$300 discount
$2000 Sofa: 20% discount
What is the sale price?
$1600 sale price
Your friend buys you dinner, and says they are going to tip 15% on a $40 bill. You see they left the server a tip of $4. How much did your friend undertip the server? (Answer can be as a percentage or a dollar amount)
They undertipped by $2 or 5%
Your friend should have tipped $6