Percent Problems Flashcard 1

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 product costs $9 and is marked up by 45%, what is the selling price?

Back

Selling Price = $9 + (0.45 × $9) = $13.05

Front

How do you calculate the total cost of an item after applying a discount and adding sales tax?

Back

Total Cost = (Original Price - Discount) + Sales Tax on Discounted Price

Front

What is the formula to calculate the amount of a tip based on the bill amount?

Back

Tip Amount = Bill Amount × Tip Percentage

Front

If a meal costs $75.50 and a 20% tip is given, how much is the tip?

Back

Tip = $75.50 × 0.20 = $15.10

Front

What is the total cost of a $75.99 scooter after a 15% discount and 7.5% sales tax?

Back

Total Cost = ($75.99 - (0.15 × $75.99)) + (Sales Tax on Discounted Price) = $69.43

Front

How do you calculate the commission earned on sales?

Back

Commission = Sales Amount × Commission Percentage

Front

If Anna earns a weekly salary of $550 and sells $900 worth of merchandise at an 8.5% commission, what is her total earnings?

Back

Total Earnings = $550 + ($900 × 0.085) = $626.50

Front

What is the total cost of a meal including a 22% tip if the bill is $72.00?

Back

Total Cost = $72.00 + ($72.00 × 0.22) = $87.84

Front

What does a 15% discount mean in terms of price reduction?

Back

A 15% discount means the price is reduced by 15% of the original price.