Double Percent Increase/Decrease

Front

What is a percent increase?

Back

A percent increase is a way to express how much a quantity has grown in relation to its original amount, calculated as (new value - original value) / original value * 100%.

Front

What is a percent decrease?

Back

A percent decrease is a way to express how much a quantity has reduced in relation to its original amount, calculated as (original value - new value) / original value * 100%.

Front

How do you calculate total cost including tax and tip?

Back

To calculate total cost, first find the sales tax by multiplying the original amount by the tax rate, then add the tax to the original amount. Next, calculate the tip based on the total amount (original + tax) and add it to get the final total.

Front

What is the formula for calculating a discount?

Back

The formula for calculating a discount is: Discount Amount = Original Price x Discount Rate.

Front

How do you apply multiple discounts sequentially?

Back

To apply multiple discounts, calculate the first discount on the original price, subtract it to get a new price, then apply the next discount on this new price, and repeat for additional discounts.

Front

What is a markup?

Back

A markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage of the cost price.

Front

How do you calculate the final price after a markup and discount?

Back

To calculate the final price after a markup and discount, first apply the markup to the cost price to find the marked price, then apply the discount to the marked price to find the final selling price.

Front

What is the difference between a single discount and a double discount?

Back

A single discount is applied once to the original price, while a double discount involves applying two separate discounts, which can lead to a greater overall reduction.

Front

How do you find the total percent change?

Back

Total percent change is calculated as (final value - original value) / original value * 100%.

Front

What is the effect of a 100% markup?

Back

A 100% markup means the selling price is double the cost price.