Percents: Tax, Commission, Fees, etc

Percents: Tax, Commission, Fees, etc

Assessment

Flashcard

Mathematics

7th Grade

Hard

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16 questions

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1.

FLASHCARD QUESTION

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

2.

FLASHCARD QUESTION

Front

How do you calculate the tax on an item?

Back

To calculate tax, multiply the price of the item by the tax rate (as a decimal). Add the tax to the original price to find the total cost.

3.

FLASHCARD QUESTION

Front

What is the formula to find the percent of a number?

Back

Percent of a number = (Part / Whole) x 100.

4.

FLASHCARD QUESTION

Front

How do you convert a percent to a decimal?

Back

To convert a percent to a decimal, divide the percent by 100.

5.

FLASHCARD QUESTION

Front

What is a commission?

Back

A commission is a fee paid to an agent or employee for their services, usually calculated as a percentage of the sales they make.

6.

FLASHCARD QUESTION

Front

How do you calculate a tip?

Back

To calculate a tip, multiply the total bill by the tip percentage (as a decimal).

7.

FLASHCARD QUESTION

Front

What is the total cost of an item including tax?

Back

Total cost = Original price + (Original price x Tax rate).

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