Consumer Math Challenge

Front

What is a discount?

Back

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

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 80, calculate 80 x 0.15 = 12.

Front

What is the formula to find the sale price after a discount?

Back

Sale Price = Original Price - (Original Price x Discount Percentage).

Front

If an item costs $120 and is on sale for 40% off, how much do you save?

Back

You save $48. (Calculation: $120 x 0.40 = $48).

Front

What is rounding?

Back

Rounding is the process of adjusting a number to make it simpler, often to the nearest whole number or specified decimal place.

Front

How do you round 345.67 to the nearest whole number?

Back

You round it to 346 because the digit after the decimal (6) is 5 or greater.

Front

What does 'original price' mean?

Back

The original price is the initial price of an item before any discounts or sales are applied.

Front

If a laptop originally costs $800 and is on sale for 15% off, what is the discount amount?

Back

The discount amount is $120. (Calculation: $800 x 0.15 = $120).

Front

What is the final sale price of an item after applying a discount?

Back

Final Sale Price = Original Price - Discount Amount.

Front

What is the difference between a sale price and a regular price?

Back

The sale price is the reduced price of an item during a sale, while the regular price is the standard price without discounts.