Week 16 HW

Front

What is the formula to calculate actual distance using a map scale?

Back

Actual Distance = Distance on Map × Scale Factor

Front

If a store marks up a product by 60%, how do you calculate the selling price?

Back

Selling Price = Cost Price + (Cost Price × Markup Percentage)

Front

What is sales tax and how is it calculated?

Back

Sales tax is a percentage of the purchase price added to the total cost. Total Cost = Purchase Price + (Purchase Price × Sales Tax Rate)

Front

How do you calculate the total cost of an item including sales tax?

Back

Total Cost = Item Price + (Item Price × Sales Tax Rate)

Front

What is the formula to calculate percent change?

Back

Percent Change = ((New Value - Old Value) / Old Value) × 100%.

Front

If a product costs $1.50 and is marked up by 60%, what is the selling price?

Back

Selling Price = $1.50 + ($1.50 × 0.60) = $2.40

Front

How do you find the actual distance between two locations on a map?

Back

Multiply the distance on the map by the scale of the map.

Front

What is the total cost of a $72 battery with a 7.5% sales tax?

Back

Total Cost = $72 + ($72 × 0.075) = $77.40

Front

If Ralph buys a computer for $675 with a 6% sales tax, what is the total amount paid?

Back

Total Cost = $675 + ($675 × 0.06) = $715.50

Front

What does a decrease of 12.5% mean in terms of original value?

Back

It means the new value is 12.5% less than the original value.