Unit 6 Test Review: Consumer Math

Front

What is a percent?

Back

A percent is a way to express a number as a fraction of 100. It is often used to compare values.

Front

What does 'discount' mean?

Back

A discount is a reduction in the price of an item.

Front

What is a 'markup'?

Back

A markup is an increase in the price of an item, often added to the cost to determine the selling price.

Front

How do you calculate the percent of increase?

Back

Percent of increase = (New Value - Original Value) / Original Value x 100.

Front

How do you calculate the percent of discount?

Back

Percent of discount = (Original Price - Sale Price) / Original Price x 100.

Front

If 26 is 5% of a number, what is the number?

Back

520.

Front

If a jacket costs $85 and is 40% off, how much do you save?

Back

You save $34.

Front

If a jacket is on sale for $87.50 and then goes up to $103.25, what is the percent of increase?

Back

18%.

Front

What is a 'markdown'?

Back

A markdown is a kind of percent decrease, where the price of an item is reduced.

Front

If you buy something for $60 and get $9 back, how much did it cost?

Back

It cost $51.