Module 1 Topic 3 Practice Test

Front

What is the formula to calculate a tip based on a restaurant bill?

Back

Tip = Bill Amount × Tip Percentage

Front

How do you convert a percentage to a decimal?

Back

Divide the percentage by 100. For example, 2% = 2 ÷ 100 = 0.02.

Front

If a bill is $124.00 and you tip 20%, what is the total amount paid?

Back

Total = Bill + Tip = $124.00 + ($124.00 × 0.20) = $148.80.

Front

What is the commission formula for a realtor?

Back

Commission = Sale Price × Commission Rate.

Front

If a realtor earns $9025 in commission at a 6% rate, how do you find the sale price?

Back

Sale Price = Commission ÷ Commission Rate = $9025 ÷ 0.06 = $150,417.

Front

How do you calculate the amount paid after a discount?

Back

Amount Paid = Original Price - (Original Price × Discount Rate).

Front

If a book costs $96.50 and is on a 30% discount, how much do you pay?

Back

Amount Paid = $96.50 - ($96.50 × 0.30) = $67.55.

Front

What is the meaning of 'percent'?

Back

Percent means 'per hundred' and is used to express a number as a fraction of 100.

Front

How do you find 18% of a food bill of $29.99?

Back

Tip = $29.99 × 0.18 = $5.40.

Front

What does it mean to tip a server?

Back

Tipping a server is giving them extra money for their service, usually a percentage of the bill.