Percent Review

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 20% of 50, calculate 50 x 0.20 = 10.

Front

What is commission?

Back

Commission is a fee paid to an employee based on the sales they generate, often expressed as a percentage of the sales amount.

Front

How do you calculate commission earned?

Back

To calculate commission earned, multiply the total sales by the commission rate. For example, if sales are $850 and the commission rate is 3%, the commission is $850 x 0.03 = $25.50.

Front

What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (in decimal form). For example, for a $899 TV with a 6.5% tax rate, the tax is $899 x 0.065 = $58.44.

Front

What is percent of change?

Back

Percent of change measures how much a value has increased or decreased relative to its original value, expressed as a percentage.

Front

How do you calculate percent of change?

Back

To calculate percent of change, subtract the original value from the new value, divide by the original value, and multiply by 100. For example, if the original cost is $50 and the new cost is $60, the percent of change is ((60-50)/50) x 100 = 20%.

Front

What does a discount mean?

Back

A discount is a reduction in the price of a product or service, often expressed as a percentage off the original price.

Front

How do you calculate the sale price after a discount?

Back

To calculate the sale price after a discount, subtract the discount amount from the original price. For example, for a $100 iPad with a 20% discount, the discount is $100 x 0.20 = $20, so the sale price is $100 - $20 = $80.