12/10 Discount Test Practice

Front

What is a discount?

Back

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

Front

How do you calculate the sale price after a discount?

Back

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

Front

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

Back

$20

Front

What is the formula to find the discount amount?

Back

Discount Amount = Original Price x Discount Rate

Front

If a shirt costs $40 and is 25% off, what is the sale price?

Back

$30

Front

What does it mean to round to the nearest cent?

Back

Rounding to the nearest cent means adjusting a monetary amount to the closest hundredth place.

Front

If you save $5 on a $20 item, what percentage discount did you receive?

Back

25% discount.

Front

What is the original price if the sale price is $75 after a 25% discount?

Back

$100

Front

How do you express a discount as a decimal?

Back

To express a discount as a decimal, divide the percentage by 100. For example, 25% becomes 0.25.

Front

If a pair of shoes costs $80 and is 10% off, what is the sale price?

Back

$72