Tip, Tax, and Discount Worksheet
Calculate tips, sales tax, and discounts on various purchases to practice financial literacy skills.
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Tip, Tax, and Discount Practice
Name:
Date:
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Read each scenario carefully and calculate the requested amounts. Show your work where applicable.
1. A dinner bill comes to $55.00. If you want to leave a 18% tip, the tip amount will be $ and the total cost will be $ .
2. You received excellent service and decide to leave a 22% tip on a $82.50 meal. The tip is $ , making the total $ .
3. Sarah bought a new laptop for $1,200. The sales tax rate in her state is 6.5%. What is the sales tax amount and the total cost Sarah paid?
4. A pair of shoes costs $75.00 before tax. If the total cost after tax is $80.25, what is the sales tax rate?
5. A jacket is originally priced at $150.00 and is on sale for 20% off. What is the discounted price of the jacket?
$120.00
$130.00
$100.00
$140.00
6. A television is marked down by 15% and now costs $425.00. What was the original price of the television?
$500.00
$480.00
$495.00
$520.00
7. You purchase a shirt for $30.00 and a pair of jeans for $50.00. The store offers a 10% discount if you buy both items. After the discount, a sales tax of 7% is applied. Finally, you want to leave a 15% tip on the discounted price before tax (representing the service you received from the sales associate). Calculate the following:
a. Total cost before discount and tax:
b. Discount amount:
c. Price after discount:
d. Sales tax amount:
e. Tip amount:
f. Total amount paid (including discount, tax, and tip):