Consumer Math and Percent of Change
Flashcard
•
Mathematics
•
7th - 8th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the formula to calculate the percent of change?
Back
Percent of Change = (New Value - Old Value) / Old Value × 100
2.
FLASHCARD QUESTION
Front
If a product costs $50 and is marked up by 20%, what is the new price?
Back
New Price = $50 + ($50 × 0.20) = $60
3.
FLASHCARD QUESTION
Front
What does a 30% discount mean?
Back
A 30% discount means you pay 70% of the original price.
4.
FLASHCARD QUESTION
Front
How do you calculate the final price after tax?
Back
Final Price = Sale Price + (Sale Price × Sales Tax Rate)
5.
FLASHCARD QUESTION
Front
If a shirt costs $25 and is on sale for 15% off, what is the sale price?
Back
Sale Price = $25 - ($25 × 0.15) = $21.25
6.
FLASHCARD QUESTION
Front
What is commission in sales?
Back
Commission is a fee paid to an employee based on the sales they make, usually expressed as a percentage.
7.
FLASHCARD QUESTION
Front
How do you find the total cost of multiple items?
Back
Total Cost = Sum of the prices of all items.
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