ACT Warm-up #11*

Front

What is the list price of an item?

Back

The list price is the manufacturer's suggested retail price (MSRP) before any discounts or markdowns are applied.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

What does a 30% markdown mean?

Back

A 30% markdown means that the price of an item is reduced by 30% of its original price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the sale price after a markdown?

Back

To calculate the sale price after a markdown, subtract the markdown amount from the original price. Sale Price = Original Price - (Markdown Percentage × Original Price).

Tags

CCSS.6.RP.A.3C

Front

If a DVD player has a list price of $100 and is marked down 30%, what is the sale price?

Back

Sale Price = $100 - (0.30 × $100) = $100 - $30 = $70.

Tags

CCSS.6.RP.A.3C

Front

What is an employee discount?

Back

An employee discount is a reduction in price offered to employees of a company, typically as a benefit.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

How do you calculate the final price after applying an employee discount?

Back

To calculate the final price after applying an employee discount, subtract the discount amount from the sale price. Final Price = Sale Price - (Discount Percentage × Sale Price).

Tags

CCSS.6.RP.A.3C

Front

If John receives a 20% employee discount on a sale price of $70, how much does he save?

Back

Savings = 0.20 × $70 = $14.

Tags

CCSS.6.RP.A.3C

Front

What is the final price John pays for the DVD player after his employee discount?

Back

Final Price = Sale Price - Savings = $70 - $14 = $56.

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating percentage?

Back

Percentage = (Part / Whole) × 100.

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 20% = 20/100 = 0.20.