Percent Questions

Front

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

Back

Selling Price = Cost + (Markup Percentage × Cost)

Front

If an item costs $400 and has a markup of 9%, what is the selling price?

Back

$436

Front

What is sales tax?

Back

A percentage of the purchase price added to the total cost.

Front

If groceries total $35.50 and the sales tax is 4.5%, how much will you owe in total?

Back

$37.10

Front

What does a discount mean?

Back

A reduction in the original price of an item.

Front

If you receive 25% off an item costing $22.00, how much do you save?

Back

$5.50

Front

How do you calculate the amount saved from a discount?

Back

Amount Saved = Original Price × Discount Percentage

Front

What is the sale price after a 25% discount on an item that costs $6.50?

Back

$4.88

Front

What does it mean if a price is decreased?

Back

The price has been lowered from its original amount.

Front

If an item is originally priced at $50 and is on sale for $40, what is the discount percentage?

Back

20% (Discount = (Original Price - Sale Price) / Original Price × 100)