Illustrative Mathmatics Unit 4 review

Front

What is the formula to calculate percent increase?

Back

Percent Increase = ((New Value - Old Value) / Old Value) * 100

Front

If a price increases from $30 to $45, what is the percent increase?

Back

50%

Front

What is the formula to calculate percent decrease?

Back

Percent Decrease = ((Old Value - New Value) / Old Value) * 100

Front

If a population decreases from 200 to 150, what is the percent decrease?

Back

25%

Front

What does markup mean in pricing?

Back

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

Front

If a car costs $20,000 and is marked up by 10%, what is the selling price?

Back

$22,000

Front

What is the total cost if an item costs $50 and there is a 5% sales tax?

Back

$52.50

Front

How do you calculate the final price after a discount?

Back

Final Price = Original Price - (Discount Percentage * Original Price)