Calculating Costs and Discounts

Front

What is the total cost if dinner with tax included is $23.77 and you leave a 10% tip?

Back

$26.15

Front

If frozen turkeys are on sale for $0.39 per pound, which is 40% off the usual price, what is the usual price per pound?

Back

$0.65

Front

What is the total cost of a notebook that is $1.50 after a 20% markup?

Back

$1.80

Front

What is the total cost of a $990 TV with a 9% tax?

Back

$1079.10

Front

After a markup of 15%, a new chair sells for $287.50. What is the cost of the chair without the markup?

Back

$250.00

Front

What is a tip?

Back

A tip is a small amount of money given to someone for their service, typically calculated as a percentage of the total bill.

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, 10% of 50 is 50 * 0.10 = 5.

Front

What does 'markup' mean in pricing?

Back

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

Front

How do you calculate the total cost including tax?

Back

To calculate the total cost including tax, multiply the original price by the tax rate (in decimal form) and add it to the original price.

Front

What is a discount?

Back

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