Percent Increase and Decrease
Flashcard
•
Mathematics
•
6th - 8th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is Percent Increase?
Back
Percent Increase is the amount by which a value increases, expressed as a percentage of the original value. Formula: ((New Value - Original Value) / Original Value) x 100.
2.
FLASHCARD QUESTION
Front
What is Percent Decrease?
Back
Percent Decrease is the amount by which a value decreases, expressed as a percentage of the original value. Formula: ((Original Value - New Value) / Original Value) x 100.
3.
FLASHCARD QUESTION
Front
How do you calculate the selling price after a markup?
Back
Selling Price = Cost Price + (Markup Percentage x Cost Price). Example: If a soda costs $1.25 and has a 20% markup, Selling Price = $1.25 + (0.20 x $1.25) = $1.50.
4.
FLASHCARD QUESTION
Front
How do you calculate tax on a purchase?
Back
Tax Amount = Purchase Price x Tax Rate. Example: For a TV costing $899 with a 6.5% tax rate, Tax Amount = $899 x 0.065 = $58.43.
5.
FLASHCARD QUESTION
Front
What is a markup?
Back
Markup is the amount added to the cost price of a product to determine its selling price. It is usually expressed as a percentage of the cost price.
6.
FLASHCARD QUESTION
Front
How do you calculate the total price after a markup?
Back
Total Price = Cost Price + Markup Amount. Example: If a book costs $4.25 with a 30% markup, Total Price = $4.25 + (0.30 x $4.25) = $5.53.
7.
FLASHCARD QUESTION
Front
How do you calculate a tip?
Back
Tip Amount = Bill Amount x Tip Percentage. Example: For a $20 lunch with a 20% tip, Tip Amount = $20 x 0.20 = $4.
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