Topic 3 Review 7th grade

Front

What is the total cost of an item including tax if the price is $17.99 and the tax rate is 10%?

Back

$19.79

Front

If a pair of headphones costs $36.80 and is on sale for 40% off, how much does Emily pay?

Back

$22.08

Front

If Kate hikes 190.5 meters and is 62% of the way up a mountain, how tall is the mountain?

Back

307 meters

Front

What is the interest rate if Mason took out an $800 loan and paid back $120 in simple interest over 5 years?

Back

3%

Front

What is the resale price of a scooter bought for $29.25 with a 54% markup?

Back

$45

Front

Define 'markup' in a business context.

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Front

What is the formula for calculating total cost including tax?

Back

Total Cost = Price + (Price x Tax Rate)

Front

How do you calculate the percentage discount on an item?

Back

Percentage Discount = (Discount Amount / Original Price) x 100

Front

What is simple interest and how is it calculated?

Back

Simple Interest = Principal x Rate x Time

Front

If an item is sold for $50 after a 20% discount, what was the original price?

Back

Original Price = Selling Price / (1 - Discount Rate) = $62.50