12/10 Percents Test Practice

Front

What is a percent?

Back

A percent is a way to express a number as a fraction of 100. It is often used to describe how much of something there is in relation to a whole.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (as a decimal). For example, for a $150 item with a 7% tax, the calculation is $150 x 0.07 = $10.50.

Front

What is a discount?

Back

A discount is a reduction in the price of an item. It is often expressed as a percentage of the original price.

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount rate (as a decimal). For example, for a $55 item with a 25% discount, the calculation is $55 x 0.25 = $13.75.

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, often expressed as a percentage of the total bill.

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip rate (as a decimal). For example, for a $26 bill with a 15% tip, the calculation is $26 x 0.15 = $3.90.

Front

What is commission?

Back

Commission is a fee paid to an employee based on the sales they make, usually expressed as a percentage of the sales amount.

Front

How do you calculate total sales from commission?

Back

To find total sales from commission, divide the commission earned by the commission rate (as a decimal). For example, if $449 was earned at a 12% commission, total sales = $449 / 0.12 = $3,741.66.

Front

What does '25% off' mean?

Back

'25% off' means that the price of an item is reduced by 25% of its original price.

Front

How do you find the sale price after a discount?

Back

To find the sale price, subtract the discount amount from the original price. For example, if an item costs $15 and has a 25% discount, the discount is $3.75, so the sale price is $15 - $3.75 = $11.25.