12/10 Percents Test Practice

Front

What is a percent?

Back

A percent is a way of expressing a number as a fraction of 100. It is denoted by the symbol '%'. For example, 12% means 12 out of 100.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 15% of 200, calculate 200 x 0.15 = 30.

Front

What is commission?

Back

Commission is a fee paid to an employee based on the sales they make. It is usually a percentage of the total sales.

Front

If Julie earns a 12% commission and makes $449, how do you find her total sales?

Back

To find total sales, divide the commission earned by the commission rate in decimal form. Total Sales = $449 ÷ 0.12 = $3,741.66.

Front

What is a tip?

Back

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

Front

How do you calculate a tip based on a bill?

Back

To calculate a tip, multiply the total bill by the tip percentage (in decimal form). For example, for a $26 bill with a 15% tip, calculate 26 x 0.15 = $3.90.

Front

What does 'discount' mean?

Back

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

Front

How do you calculate the sale price after a discount?

Back

To find the sale price, subtract the discount amount from the original price. Sale Price = Original Price - (Original Price x Discount Rate).

Front

If a tie costs $15 and has a 25% discount, what is the sale price?

Back

Sale Price = $15 - ($15 x 0.25) = $15 - $3.75 = $11.25.

Front

What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.