Topic 3 Assessment Review

Front

What is the cost of a volleyball after a 20% discount if the original price is $35?

Back

$28.00

Tags

CCSS.6.RP.A.3C

Front

Why do businesses markup the price of items they sell?

Back

To make a profit when selling the item.

Front

How do you calculate sales tax on an item?

Back

Multiply the price of the item by the tax rate (as a decimal).

Tags

CCSS.6.RP.A.3B

Front

What is a reasonable tip for a dinner bill of $56.25?

Back

$10.00

Tags

CCSS.7.EE.B.3

Front

If a bike shop pays $75 for a mountain bike and marks it up by 55%, what is the retail price?

Back

$116.25

Tags

CCSS.6.RP.A.3C

Front

What is the formula to calculate the final price after applying a discount?

Back

Final Price = Original Price - (Original Price x Discount Rate)

Tags

CCSS.6.RP.A.3C

Front

What does markup mean in a business context?

Back

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

Tags

CCSS.6.RP.A.3B

Front

How do you find the percentage of a number?

Back

Multiply the number by the percentage (as a decimal).

Front

What is the total cost of an item including tax?

Back

Total Cost = Item Price + (Item Price x Tax Rate)

Tags

CCSS.6.RP.A.3C

Front

If an item costs $100 and has a 10% discount, what is the sale price?

Back

$90.00

Tags

CCSS.6.RP.A.3C