Unit 4 Review 12/13/24

Front

What is the formula to calculate the selling price after a markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price)

Front

If a store pays $1.50 for a bag of candy and marks it up by 60%, what is the selling price?

Back

$2.40

Front

What is the final price of an item after adding sales tax?

Back

Final Price = Cost Price + (Sales Tax Rate × Cost Price)

Front

If a raincoat costs $39.99 and has a sales tax of 7%, what is the final price?

Back

$42.79

Front

How do you calculate sales tax on a purchase?

Back

Sales Tax = Sales Tax Rate × Cost Price

Front

If groceries total $35.50 and the sales tax is 4.5%, how much will Mrs. Ray owe?

Back

$37.10

Front

Sales tax is __________ to the price.

Back

added

Front

Convert 7/10 to a decimal.

Back

0.7

Front

What is the decimal equivalent of 0.25?

Back

25/100 or 1/4

Front

How do you convert a fraction to a decimal?

Back

Divide the numerator by the denominator.