Sr. Math App Unit Test 10.11.24

Front

What is depreciation?

Back

Depreciation is the reduction in the value of an asset over time, often due to wear and tear or obsolescence.

Front

How do you calculate depreciation?

Back

Depreciation can be calculated using the formula: Depreciation = (Initial Value - Final Value) / Number of Years.

Front

What is the formula to find the percentage of decrease?

Back

Percentage of Decrease = [(Original Value - New Value) / Original Value] x 100.

Front

If a Tesla was purchased for $55,000 and sold for $33,000, what is the depreciation?

Back

Depreciation = ($55,000 - $33,000) / 4 = $5,500.

Front

What is the percentage decrease when a Tesla is sold for $33,000 after being bought for $55,000?

Back

Percentage Decrease = [($55,000 - $33,000) / $55,000] x 100 = 40%.

Front

What is a unit price?

Back

Unit price is the cost per single unit of a product, calculated by dividing the total price by the number of units.

Front

How do you calculate the unit price of a product?

Back

Unit Price = Total Price / Number of Units.

Front

If a package of 10 Impossible Burger Patties costs $12.99, what is the unit price?

Back

Unit Price = $12.99 / 10 = $1.30.

Front

What is the total price of an item including interest?

Back

Total Price = Initial Cost + (Initial Cost x Interest Rate).

Front

If a Tesla costs $55,000 with a cash value of $1,000 and an interest rate of 20%, what is the total price?

Back

Total Price = $55,000 + ($55,000 x 0.20) = $65,340.