Lesson Summary - Percent Application

The price of a bicycle is $450.00. The sales tax rate is 6.5%. What is the sales tax on this bicycle?

• $29.25

• $30.00

• $27.50

• $28.75

An engineer has an annual income of $98,750. The income tax rate for this income is 5%. What is the amount of income tax in dollars and cents that the engineer has to pay?

• $4,937.50

• $5,000.00

• $4,500.00

• $4,987.50

A photographer wants to buy a new camera. She has saved $500. She plans to add $150 to this amount every month for the next 10 months and not spend any of the money she saves until she can afford the camera. What is the percent increase from the original amount of money she has saved to the amount she will have at the end of the 10 months?

• 200%

• 300%

• 250%

• 150%

The price of a book was reduced from $35 to $21. By what percentage was the price of the book reduced?

• 20%

• 30%

• 40%

• 50%

The price of a board game is $30.00 plus 7.5% sales tax. What is the sales tax on this board game in dollars and cents?

• $2.25

• $3.00

• $1.50

• $2.50

An architect has an annual income of $120,000. The income tax rate for this income is 5%. What is the amount of income tax in dollars and cents that the architect has to pay?

• $6,000.00

• $5,000.00

• $7,000.00

• $4,000.00

Two furniture stores are having sales on chairs. At Store A, all chairs are on sale for 10% off the original price. At Store B, all chairs are on sale for 1/4 off the original price. Which store would have the better sale price for a chair with an original price of $120?

• Store A, because the sale price would be $108

• Store B, because the sale price would be $90

• Store A, because the sale price would be $12

• Store B, because the sale price would be $30

David has a loan of $38,250. This loan has a simple interest rate of 5% per year. What is the amount of interest that David will be charged on this loan at the end of one year?

• $1,912.50

• $1,825.00

• $1,950.00

• $1,900.00

Sophia deposits $600 into a savings account that earns interest at a rate of 4% compounded annually. What is the amount of interest that Sophia will earn at the end of one year?

• $24

• $48

• $60

• $72

The owner of a thrift store buys used clothing from customers for $2.00 each. The owner then resells the clothing for 300% of the amount he paid for them. What is the price of a used clothing item in this thrift store?

• $4.00

• $6.00

• $8.00

• $10.00