8.4 Flashcard 2

Front

What is 30% of $20?

Back

$6

Front

How do you calculate the total price including tax?

Back

Total Price = Item Price + (Item Price * Tax Rate). For example, for a $52 item with 6% tax: Total = $52 + ($52 * 0.06) = $55.12.

Front

What percent of 500 is 25?

Back

5% (Calculation: (25/500) * 100 = 5%)

Front

How do you calculate a price increase percentage?

Back

Price Increase = Original Price * (Percentage Increase / 100). For example, for a $149 ticket with a 72% increase: New Price = $149 + ($149 * 0.72) = $256.28.

Front

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

Back

Sale Price = Original Price - (Original Price * Discount Rate). For example, for a $10.50 item with a 30% discount: Sale Price = $10.50 - ($10.50 * 0.30) = $7.35.

Front

Define 'percentage'.

Back

A percentage is a fraction of 100. It represents how many parts out of 100 something is.

Front

What is the formula for calculating tax on an item?

Back

Tax Amount = Item Price * Tax Rate.

Front

How do you find the total cost of an item after tax?

Back

Total Cost = Item Price + Tax Amount.

Front

What does 'markup' mean in pricing?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Front

How do you calculate the percentage of a number?

Back

Percentage = (Part / Whole) * 100.