Unit 6 Test Review: Consumer Math
Flashcard
•
Mathematics
•
KG - University
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is 5% of a number?
Back
To find 5% of a number, multiply the number by 0.05.
2.
FLASHCARD QUESTION
Front
If a laptop costs $660 and is on sale for 20% off, how do you calculate the sale price?
Back
To calculate the sale price, multiply the original price by 0.20 to find the discount, then subtract the discount from the original price.
3.
FLASHCARD QUESTION
Front
What does a 300% price increase mean?
Back
A 300% price increase means the new price is four times the original price.
4.
FLASHCARD QUESTION
Front
How do you calculate percent increase?
Back
Percent increase = (New Price - Original Price) / Original Price x 100%.
5.
FLASHCARD QUESTION
Front
What is a coupon for 30% off?
Back
A coupon for 30% off reduces the price by 30% of the original price.
6.
FLASHCARD QUESTION
Front
How do you find the amount you need to borrow?
Back
Subtract the amount saved from the total cost to find the amount needed to borrow.
7.
FLASHCARD QUESTION
Front
What is the formula to find the final cost after a markup?
Back
Final Cost = Original Cost + (Markup Percentage x Original Cost).
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