Tax,Tip,Discount
Flashcard
•
Mathematics
•
7th - 8th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the formula to calculate the total price after a markup?
Back
Total Price = Cost Price + (Markup Percentage × Cost Price)
2.
FLASHCARD QUESTION
Front
How do you calculate a tip based on a bill amount?
Back
Tip = Bill Amount × Tip Percentage
3.
FLASHCARD QUESTION
Front
What is the total price of an item after adding sales tax?
Back
Total Price = Original Price + (Sales Tax Percentage × Original Price)
4.
FLASHCARD QUESTION
Front
How do you convert a percentage to a decimal?
Back
Divide the percentage by 100.
5.
FLASHCARD QUESTION
Front
What is the markup percentage if an item costs $50 and is sold for $65?
Back
Markup Percentage = ((Selling Price - Cost Price) / Cost Price) × 100 = 30%.
6.
FLASHCARD QUESTION
Front
If a meal costs $40 and the tip is 15%, what is the total cost of the meal including tip?
Back
Total Cost = Meal Cost + (Tip Percentage × Meal Cost) = $40 + ($40 × 0.15) = $46.
7.
FLASHCARD QUESTION
Front
What does it mean to 'add' the tip to the original bill?
Back
It means to calculate the total cost by including the tip amount on top of the original bill.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
