7.RP.3 Flashcard 1

Front

What is markup in pricing?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Front

How do you calculate the selling price after a markup?

Back

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

Front

What is the formula to find a percentage of a number?

Back

Percentage of a number = (Percentage/100) × Number

Front

What does percent mean?

Back

Percent means 'per hundred' and is a way to express a number as a fraction of 100.

Front

How do you calculate the percent increase?

Back

Percent Increase = [(New Value - Old Value) / Old Value] × 100

Front

What is the formula for percent change?

Back

Percent Change = [(New Value - Old Value) / Old Value] × 100

Front

If a laptop costs $750 and you need to raise 20%, how much do you need to raise?

Back

You need to raise $150.

Front

What is the original price if a boat is marked up 20% to $60?

Back

The original price is $50.

Front

How do you find the percent of a total?

Back

To find the percent of a total, divide the part by the whole and multiply by 100.

Front

What is the percent increase from 32 to 45?

Back

The percent increase is 41%.