How to Calculate Tps
Calculating an acceptable tip for a service requires some quick thinking. In most cases, tips go to the individual who provided you a meal or cut your hair. Service-oriented jobs, such as restaurant workers, bartenders, taxi drivers and barbers, rely on tips as an integral part of their income. In fact, many employers reduce hourly pay due to the availability of tips on the job. Throwing down some extra money might seem like a simple plan to tip but consider that you might be underpaying the recipient or overpaying as well. Learn how to calculate tips so you can be fair in tipping and save your wallet from over tipping.
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Instructions
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How to Calculate Tips
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Determine the total cost of your bill. Some individuals choose to tip on pre-tax amounts while others just tip on the bottom line final amount.
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Round the value up or down, based on the amount of cents on the bill. Anything above 49 cents should round down to the nearest dollar. Anything above 50 cents should round up to the nearest dollar. Rounding makes computation much easier and keeps you from rooting around in your wallet for change.
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Use your rounded bill amount to figure out the value of 10 percent of your bill. Move the decimal point one space to the left. For example, if your bill is $45, moving the decimal amounts to $4.50 for 10 percent of the bill.
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Reward great service with a 20 percent tip by simply doubling that 10 percent amount.
To calculate a 15 percent tip, take half the results of your 10 percent computation and add it back into the 10 percent. For example, 10 percent of a $45 bill is $4.50. Half of $4.50 is $2.25. Add $4.50 and $2.25 together to get a 15 percent tip of $6.75.
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Tips & Warnings
If you choose to use the exact figure, move the decimal point 1 space to the left the same way to determine 10 percent amount of the bill. Double it for a 20 percent tip. Divide the amount in half and add this amount to your original 10 percent figure for a 15 percent tip.
References
- Photo Credit Cohdra
