Homework 12/5

Front

What is the formula to calculate the cost price when the selling price and markup percentage are known?

Back

Cost Price = Selling Price / (1 + Markup Percentage)

Front

If a product is sold for $80 with a markup of 25%, what is the cost price?

Back

$64

Front

What does markup mean in a business context?

Back

Markup is the amount added to the cost price of a product to determine its selling price.

Front

How do you find the percentage of a number?

Back

Percentage of a number = (Part / Whole) x 100

Front

If 34% of a number is 51, how do you find the original number?

Back

Original Number = 51 / 0.34 = 150

Front

What is the relationship between percentage and fractions?

Back

Percentage is a fraction out of 100.

Front

In a rate problem, how do you determine the total output over time?

Back

Total Output = Rate x Time

Front

If the pony express delivers 150 pieces of mail in 3 days, what is the daily delivery rate?

Back

Daily Delivery Rate = 150 pieces / 3 days = 50 pieces per day.

Front

How many pieces of mail can the pony express deliver in 5 days at the same rate?

Back

250 pieces.

Front

What is a proportion in mathematics?

Back

A proportion is an equation that states that two ratios are equal.