untitled

Front

What is markup in pricing?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit. It is usually expressed as a percentage of the cost price.

Front

How do you calculate the retail price after markup?

Back

To calculate the retail price after markup, multiply the cost price by (1 + markup percentage). For example, if the cost is $7 and the markup is 42%, the retail price is $7 * (1 + 0.42) = $9.94.

Front

What is the formula for calculating simple interest?

Back

The formula for calculating simple interest is I = PRT, where I is the interest, P is the principal amount, R is the rate of interest per year, and T is the time in years.

Front

How do you calculate the interest on a loan?

Back

To calculate the interest on a loan, use the simple interest formula: I = PRT. For example, for a loan of $1200 at 7.5% for 2 years, the interest is $1200 * 0.075 * 2 = $180.

Front

What is percent decrease?

Back

Percent decrease is a measure of how much a quantity has decreased relative to its original amount, expressed as a percentage.

Front

How do you calculate percent decrease?

Back

To calculate percent decrease, use the formula: Percent Decrease = ((Original Price - New Price) / Original Price) * 100. For example, for a sweater that decreased from $90 to $65, the percent decrease is ((90 - 65) / 90) * 100 = 28%.

Front

What is the formula for calculating the percentage of a total?

Back

The formula for calculating the percentage of a total is: (Part / Whole) * 100.

Front

How do you find the number of items based on a percentage?

Back

To find the number of items based on a percentage, multiply the total number of items by the percentage (in decimal form). For example, if 32% of 125 packs of gum are mint-flavored, the number of mint packs is 125 * 0.32 = 40.

Front

What is the total number of seats in a theater if 225 are sold and 10% are empty?

Back

If 10% of the seats are empty, then 90% are sold. If 225 seats are sold, the total number of seats is 225 / 0.90 = 250.

Front

How do you calculate the number of empty seats in a theater?

Back

To calculate the number of empty seats, subtract the number of sold seats from the total number of seats. For example, if there are 250 seats and 225 are sold, the number of empty seats is 250 - 225 = 25.