Percent Application Flashcard

Front

What is the formula to calculate percent increase?

Back

Percent Increase = ((New Price - Original Price) / Original Price) * 100

Front

How do you calculate percent decrease?

Back

Percent Decrease = ((Original Price - New Price) / Original Price) * 100

Front

Convert 8.25% to a decimal.

Back

0.0825

Front

If an item is on sale for 40% off, how do you calculate the sale price?

Back

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

Front

What is the commission earned if the commission rate is 17% on sales of $37,000?

Back

Commission = Sales Amount * Commission Rate = $37,000 * 0.17 = $6,290

Front

What does it mean to find the percent of a number?

Back

Finding the percent of a number involves calculating a fraction of that number based on the percent value.

Front

How do you express a percentage as a fraction?

Back

To express a percentage as a fraction, divide the percentage by 100 and simplify if possible.

Front

What is the relationship between percentages, decimals, and fractions?

Back

Percentages are a way to express a number as a fraction of 100, decimals are another way to express fractions, and all three can represent the same value.

Front

If a jacket originally costs $85 and is sold for $51, what is the percent discount?

Back

Percent Discount = ((Original Price - Sale Price) / Original Price) * 100 = ((85 - 51) / 85) * 100 = 40%.

Front

What is the significance of understanding percent changes in real-life applications?

Back

Understanding percent changes helps in making informed decisions about purchases, investments, and financial planning.