7th Grade - MIDTERM EXAM 2024

7th Grade - MIDTERM EXAM 2024

Assessment

Flashcard

Mathematics

7th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is markup in pricing?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit. It is usually expressed as a percentage of the cost.

2.

FLASHCARD QUESTION

Front

How do you calculate the selling price with a markup?

Back

Selling Price = Cost Price + (Markup Percentage × Cost Price). For example, if the cost is $1.25 and the markup is 25%, Selling Price = $1.25 + (0.25 × $1.25) = $1.56.

3.

FLASHCARD QUESTION

Front

What is the formula to calculate percentage?

Back

Percentage = (Part / Whole) × 100. For example, if Shirley earned 12 out of 16 points, her percentage is (12 / 16) × 100 = 75%.

4.

FLASHCARD QUESTION

Front

How do you find the amount saved with a discount?

Back

Amount Saved = Discount Percentage × Original Price. For example, if an item costs $23.00 and has a 25% discount, Amount Saved = 0.25 × $23.00 = $5.75.

5.

FLASHCARD QUESTION

Front

What is the relationship between part, whole, and percentage?

Back

The part is the portion of the whole, and the percentage represents how much of the whole the part is. For example, if 65 is 20% of a number, that number is the whole.

6.

FLASHCARD QUESTION

Front

How do you find the whole when given a part and a percentage?

Back

Whole = Part / (Percentage / 100). For example, if 65 is 20% of a number, Whole = 65 / (20 / 100) = 325.

7.

FLASHCARD QUESTION

Front

What is a constant of proportionality?

Back

The constant of proportionality is the constant value that relates two proportional quantities. It is often represented as 'k' in the equation y = kx.

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