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Tip, Tax, and Discount Calculation Worksheet

A Grade 12 math worksheet focusing on real-world applications of tip, tax, and discount calculations.

Grade 12 Math Financial LiteracyTip, Tax, and Discount
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Includes

2 Short AnswerFill in the BlanksMultiple ChoiceTrue / False

Standards

CCSS.MATH.CONTENT.7.RP.A.3CCSS.MATH.CONTENT.HSA.CED.A.1

Topics

mathfinancial literacytiptaxdiscountgrade 12
7 sections · Free to use · Printable
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Tip, Tax, and Discount Calculation

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Read each problem carefully and calculate the final amount after applying tips, taxes, and discounts. Show all your work.

1. A dinner bill comes to $75.50. If you want to leave a 20% tip, what is the total cost of the meal including the tip?

2. A jacket is priced at $120.00. There is a 25% discount, and then a 8% sales tax is applied to the discounted price. What is the final price of the jacket?

1. To calculate a discount, you first multiply the original price by the   percentage, then subtract that amount from the original price.

2. Sales tax is typically calculated on the   price of an item.

3. If a restaurant bill is $50 and you leave a $10 tip, the tip percentage is  .

1. A store is having a sale where all items are 30% off. If a pair of shoes originally costs $85, what is the sale price?

a

$25.50

b

$59.50

c

$85.00

d

$110.50

2. You purchase a new phone for $600. The sales tax is 6.5%. What is the total cost including tax?

a

$39.00

b

$561.00

c

$639.00

d

$600.00

1. Applying a 10% discount and then a 10% sales tax on an item results in the original price.

T

True

F

False

2. A tip is always calculated on the original price before any discounts or taxes are applied.

T

True

F

False

1. Sarah bought a new laptop for $800. She also bought a software package for $150. The store offered a 15% discount on the total purchase. After the discount, a 7% sales tax was applied. What was Sarah's final total?

2. A group of friends went out for dinner. Their bill was $120. They decided to leave a 18% tip. If they split the total cost evenly among 4 people, how much did each person pay?