M7 U4 End Unit Review

Front

What is the formula to calculate percentage decrease?

Back

Percentage Decrease = ((Original Price - New Price) / Original Price) * 100

Front

If a concert ticket price decreases from $175 to $140, what is the percentage decrease?

Back

20%

Front

What is the formula to calculate percentage markup?

Back

Percentage Markup = ((Selling Price - Cost Price) / Cost Price) * 100

Front

Jose bought tools for $6 and sold them for $10.20. What is the percentage markup?

Back

70%

Front

What is the formula to calculate profit?

Back

Profit = Selling Price - Cost Price

Front

If a widget costs $5.30 to build, how much should it be marked up for a 40% profit?

Back

$2.12

Front

What does a 50% discount mean?

Back

A 50% discount means the item is sold for half of its original price.

Front

If a watch originally costs $70 and is on sale for 50% off, what is the sale price?

Back

$35

Front

What is the formula to calculate percent change?

Back

Percent Change = ((New Value - Old Value) / Old Value) * 100

Front

If 72 people received speeding tickets one week and 36 the next, what is the percent change in tickets?

Back

Decrease 50%