Percents Application Intro

Match the following:

• ...Equation for simple interest.

• I=Prt is the...

• ...Added to the price.

• A Discount is...

• ...Added to services.

• Tips and Fees are...

• ...Subtracted from the price.

• A Markup is...

Match the vocabulary word to its definition.

• A charge per service, can be a set amount or a set percentage per transaction.

• Discount

• A percentage earned from an amount sold.

• Markup

• Retailer charges more than what they bought the item for.

• Commission

• The initial amount of money either borrowed or invested.

• Fee

• A percentage of the retail price taken off.

• Principal

Select the three choices that get added to the original price.

• markup

• tip

• discount

• sales tax

Change 32% into a decimal.

• 32
• 3.2
• .32
• .032

Cost of a sled: $99.50 Markup: 95%

What percentage would you pay for this sled with the markup?

Write your answer as a decimal.

Mathematical Equivalence

ON

Cost of a comic book: $3.95 Markup: 20%

What percentage would you pay with a 20% markup?

Write your asnwer as a decimal.

Mathematical Equivalence

ON

Cost of an oil change: $18.00 Markup: 70%

What percentage would you pay with the markup?

Write your answer as a decimal.

Mathematical Equivalence

ON

Cost of a CD: $14.50 Markup: 30%

What percentage would you pay with the markup?

Write your answer as a decimal.

Mathematical Equivalence

ON

Cost of an MP3 player: $129.50 Markup: 60%

What percentage would you pay with the markup?

Write your answer as a decimal.

Mathematical Equivalence

ON

Cost of a dog wash: $21.95 Markup: 65%

What percentage would you pay with the markup?

Write your answer as a decimal.

Mathematical Equivalence

ON