Tip, Tax, Markup
Flashcard
•
Mathematics
•
7th Grade
•
Practice Problem
•
Hard
+1
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is markup?
Back
Markup is the amount added to the cost price of a product to determine its selling price, usually expressed as a percentage of the cost price.
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
How do you calculate the selling price using markup?
Back
Selling Price = Cost Price + (Markup Percentage × Cost Price)
Tags
CCSS.6.RP.A.3C
3.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a sum of money given to someone for their services, typically calculated as a percentage of the total bill.
Tags
CCSS.6.RP.A.3C
4.
FLASHCARD QUESTION
Front
How do you calculate a tip?
Back
Tip = Total Bill × Tip Percentage
Tags
CCSS.6.RP.A.3C
5.
FLASHCARD QUESTION
Front
What is the total cost when a tip is added?
Back
Total Cost = Total Bill + Tip
Tags
CCSS.6.RP.A.3C
6.
FLASHCARD QUESTION
Front
If a meal costs $50 and the tip is 15%, what is the total cost?
Back
Total Cost = $50 + ($50 × 0.15) = $57.50
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What does gratuity mean in relation to a bill?
Back
Gratuity refers to the amount added to the bill as a tip for service.
Tags
CCSS.L.5.4B
CCSS.L.6.1E
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