Grade 12 Math: Tax and Tip Calculations

Grade 12 Math: Tax and Tip Calculations

Read each question carefully and show all your work. Round all monetary values to two decimal places where applicable.

1. You purchase a new laptop for $1250. The sales tax rate in your state is 7.5%.

a) Calculate the sales tax amount.

b) What is the total cost of the laptop including tax?

2. A consumer pays $85.68 for a new jacket, including 6% sales tax. What was the original price of the jacket before tax?

1. You had dinner at a restaurant, and the bill came to $78.50 before tax. You want to leave a 18% tip. The tip amount will be  , and the total cost including the tip will be  .

2. A group of friends went out for coffee, and the total bill was $32.40. They decided to leave a $5 tip. The tip percentage they left was approximately  %.

1. You are buying a new pair of shoes for $90. The sales tax is 8%, and you want to tip the salesperson 5% of the pre-tax price for their excellent service. What is the total amount you will pay?

1. A hotel bill totals $350 for a two-night stay. There is a 10% service charge added to the bill, and the local tourism tax is 5%.

a) Calculate the service charge amount.

b) Calculate the tourism tax amount (applied to the original bill plus service charge).

c) What is the total cost of the hotel stay?

1. It is always customary to calculate a tip based on the total bill after sales tax has been applied.

2. A 20% tip on a $60 bill is the same as a 15% tip on an $80 bill.

1. You are planning a dinner party for 8 people. You estimate the food cost will be $150 and beverages will be $50. There's a 7% sales tax on both food and beverages. You also want to factor in a 20% tip for the catering staff (based on the pre-tax food and beverage cost). What is the total estimated cost per person for the dinner party?