7.RP.3

Front

What is the formula to calculate the sale price after a discount?

Back

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

Front

How do you calculate the amount of discount given a percentage off?

Back

Amount of Discount = Original Price * Discount Rate

Front

What is the formula for calculating simple interest earned on an investment?

Back

Simple Interest = Principal Amount * Interest Rate * Time

Front

How do you calculate the total amount in a savings account after a certain number of years?

Back

Total Amount = Principal + Simple Interest

Front

What is the formula to calculate commission earned on a sale?

Back

Commission = Sale Price * Commission Rate

Front

How do you calculate the markup price on an item?

Back

Markup Price = Cost Price + (Cost Price * Markup Rate)

Front

What is the difference between discount and markup?

Back

Discount reduces the selling price, while markup increases the cost price to determine the selling price.

Front

If an item is regularly priced at $200 and is on sale for 30% off, what is the sale price?

Back

Sale Price = $200 - ($200 * 0.30) = $140

Front

How do you find the total profit from selling an item?

Back

Total Profit = Selling Price - Cost Price

Front

What is the relationship between percentage, decimal, and fraction?

Back

Percentage = Decimal * 100; Fraction = Decimal / 1