Let's solve each problem step by step and explain the reasoning.
---
Problem 1:
Your bill at a restaurant comes to $24.50. You decide to TIP the waitress/waiter 16%. What is the AMOUNT of THE TIP that you will leave?
Step 1: Calculate 16% of $24.50
$$
\text{Tip} = 24.50 \times \frac{16}{100} = 24.50 \times 0.16 = 3.92
$$
So, the tip amount is
$3.92
✔ Answer: b. $3.92
---
Problem 2:
In PROBLEM #1, what will your FINAL BILL be with the cost of your meal AND your tip?
We already know:
- Meal cost: $24.50
- Tip: $3.92
Add them together:
$$
24.50 + 3.92 = 28.42
$$
✔ Answer: a. $28.42
---
Problem 3:
You buy a watch that costs $45.50. The tax rate is 7.5%. What is the FINAL COST?
Step 1: Calculate tax amount
$$
\text{Tax} = 45.50 \times \frac{7.5}{100} = 45.50 \times 0.075 = 3.4125 \approx 3.41
$$
Step 2: Add tax to original price
$$
\text{Final Cost} = 45.50 + 3.41 = 48.91
$$
✔ Answer: c. $48.91
---
Problem 4:
In PROBLEM #3, how much TAX were you charged?
From Problem 3, we calculated:
$$
\text{Tax} = 45.50 \times 0.075 = 3.4125 \approx 3.41
$$
✔ Answer: b. $3.41
---
Problem 5:
Walmart purchases shoes for $32.25 from the REEBOK Factory, however for Walmart to make money they MARKUP the shoes by 85%. What is the amount of the markup?
Step 1: Calculate 85% of $32.25
$$
\text{Markup Amount} = 32.25 \times \frac{85}{100} = 32.25 \times 0.85 = 27.4125 \approx 27.41
$$
So, the
amount of the markup is
$27.41
> Note: This is *not* the selling price — it's just the
markup amount, which is added to the cost to get the selling price.
✔ Answer: c. $27.41
---
✔ Final Answers:
1.
b. $3.92
2.
a. $28.42
3.
c. $48.91
4.
b. $3.41
5.
c. $27.41
Let me know if you'd like explanations in a different format or want to see the work in a table!
Parent Tip: Review the logic above to help your child master the concept of discount and tax worksheet.
