Lesson 4.12 Finding the percentage Day 4

Front

What is a percentage?

Back

A percentage is a way of expressing a number as a fraction of 100. It is often used to compare relative sizes or to express how much one quantity is of another.

Front

How do you calculate the tip percentage?

Back

To calculate the tip percentage, divide the tip amount by the total bill amount and then multiply by 100. Formula: (Tip / Bill) x 100.

Front

If a haircut costs $34 and a customer gives $40, what is the tip amount?

Back

The tip amount is $40 - $34 = $6.

Front

What is the formula to find the retail price after a markup?

Back

Retail Price = Cost Price + (Markup Percentage x Cost Price).

Front

If a t-shirt costs $6.25 and is marked up by 60%, what is the retail price?

Back

Retail Price = $6.25 + (0.60 x $6.25) = $10.

Front

How do you calculate the percentage of a markdown?

Back

To calculate the percentage of a markdown, subtract the sale price from the original price, divide by the original price, and multiply by 100. Formula: ((Original Price - Sale Price) / Original Price) x 100.

Front

What is the markdown percentage if shoes originally cost $125 and are now $90?

Back

Markdown Percentage = (($125 - $90) / $125) x 100 = 28%.

Front

How do you calculate the markup percentage?

Back

Markup Percentage = ((Selling Price - Cost Price) / Cost Price) x 100.

Front

If a car costs $12,500 and is sold for $15,000, what is the markup percentage?

Back

Markup Percentage = (($15,000 - $12,500) / $12,500) x 100 = 20%.

Front

What is the total amount spent if the bill is $55 and a tip is added?

Back

Total Amount = Bill + Tip.