What is a percent?
Percents: Tax, Commission, Fees, etc

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
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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