MidTerm REVIEW Barrett

Front

What is the formula to calculate the total cost of an item including sales tax?

Back

Total Cost = Price + (Price * Sales Tax Rate)

Front

If an item costs $75.00 and the sales tax rate is 8%, what is the total cost?

Back

Total Cost = $75.00 + ($75.00 * 0.08) = $81.00

Front

What equation can be used to determine how many people Mr. Smith can bring to a concert if he has $90, parking costs $8, and tickets cost $12 each?

Back

Front

How do you calculate the original price of an item if it is sold for $40 after a 25% markup?

Back

Original Price = Selling Price / (1 + Markup Rate) = $40 / 1.25 = $32.00

Front

What is the process to simplify the expression 4x + 3y - 5x + y - 2?

Back

Combine like terms: (4x - 5x) + (3y + y) - 2 = -x + 4y - 2.

Front

What is the total number of times a mockingbird beats its wings in 3 minutes if it beats its wings 14 times per second?

Back

Total beats = 14 beats/second * 180 seconds = 2,520 times.

Front

Define 'markup' in a business context.

Back

Markup is the amount added to the cost price of goods to cover overhead and profit.

Front

What does 'simplifying an expression' mean in mathematics?

Back

It means to combine like terms and reduce the expression to its simplest form.

Front

What is the significance of the sales tax rate in a purchase?

Back

The sales tax rate determines how much additional money is added to the price of an item at the point of sale.

Front

How do you set up an equation to solve for an unknown variable?

Back

Identify the known quantities and relationships, then express them in equation form.