Unit 6 Test Review: Consumer Math

Front

What is percent increase?

Back

Percent increase is a measure of how much a quantity has grown compared to its original amount, expressed as a percentage.

Front

How do you calculate percent increase?

Back

Percent Increase = ((New Value - Old Value) / Old Value) x 100.

Front

What does '40% off' mean?

Back

'40% off' means that the price is reduced by 40% of the original price.

Front

How do you calculate the sale price after a discount?

Back

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

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?

Back

Tip = Total Bill x Tip Percentage.

Front

What is sales tax?

Back

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

Front

How do you calculate the final price including sales tax?

Back

Final Price = Original Price + (Sales Tax Percentage x Original Price).

Front

What is the formula to find out how much money you need to borrow?

Back

Money to Borrow = Total Cost - Amount Saved.

Front

What is the total cost of an item after applying a discount?

Back

Total Cost = Original Price - Discount Amount.