Consumer Math Review

Front

What is percent of change?

Back

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

Front

How do you calculate percent of change?

Back

Percent of change = (New Value - Old Value) / Old Value x 100%.

Front

If a ticket price increases from $120 to $150, what is the percent of change?

Back

25% increase.

Front

If you finish a task in 32 minutes and then in 28 minutes, what is the percent of change in time taken?

Back

12.5% decrease.

Front

What does a 25% discount mean?

Back

A 25% discount means you pay 75% of the original price.

Front

How much do you save with a 25% discount on an item costing $22.00?

Back

$5.50.

Front

If an item costs $85 and is on sale for 40% off, how much do you pay?

Back

$51.

Front

What is markup in pricing?

Back

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

Front

If a microwave originally costs $96 and is marked up to $115.20, what is the percent of increase?

Back

20% increase.

Front

What is the formula for calculating the sale price after a discount?

Back

Sale Price = Original Price - (Discount Percentage x Original Price).