Calculating Percents

Front

What is the formula to calculate the percent increase?

Back

Percent Increase = ((New Value - Old Value) / Old Value) * 100

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Price + (Price * Sales Tax Rate) + Shipping Cost

Front

What is the process to calculate the final sale price after multiple discounts?

Back

1. Apply the first discount to the original price. 2. Apply the second discount to the new price. 3. The final price is the result after both discounts.

Front

What is the formula to find the discount price?

Back

Discount Price = Original Price - (Original Price * Discount Rate)

Front

How do you calculate commission from sales?

Back

Commission = Total Sales * Commission Rate

Front

What does a 50% discount mean in terms of price reduction?

Back

A 50% discount means the price is reduced by half of the original price.

Front

If an item costs $80 and has a 20% discount, what is the discount amount?

Back

Discount Amount = Original Price * Discount Rate = $80 * 0.20 = $16.

Front

What is the total amount paid if an item costs $50 with a 5% sales tax?

Back

Total Amount = Price + (Price * Sales Tax Rate) = $50 + ($50 * 0.05) = $52.50.

Front

How do you convert a fraction to a percent?

Back

To convert a fraction to a percent, divide the numerator by the denominator and multiply by 100.

Front

What is the difference between gross pay and net pay in terms of commission?

Back

Gross pay includes total earnings before deductions, while net pay is what remains after deductions such as taxes.