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Taxes, Tips, Markups, Discounts - Advanced Math 6

Taxes, Tips, Markups, Discounts - Advanced Math 6

Assessment

Flashcard

Mathematics

7th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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16 questions

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1.

FLASHCARD QUESTION

Front

What is a discount?

Back

A discount is a reduction in the regular price of a product or service, often expressed as a percentage.

2.

FLASHCARD QUESTION

Front

How do you calculate the sale price after a discount?

Back

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

3.

FLASHCARD QUESTION

Front

If an item costs $100 and has a 20% discount, what is the sale price?

Back

Sale Price = $100 - ($100 x 0.20) = $80

4.

FLASHCARD QUESTION

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, often calculated as a percentage of the total bill.

5.

FLASHCARD QUESTION

Front

How do you calculate a tip?

Back

Tip = Total Bill x Tip Rate

6.

FLASHCARD QUESTION

Front

If your bill is $50 and you want to leave a 15% tip, how much do you leave?

Back

Tip = $50 x 0.15 = $7.50

7.

FLASHCARD QUESTION

Front

What is a markup?

Back

A markup is an increase in the price of a product, often expressed as a percentage of the cost price.

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