Chapter 6 Overview Fall 2024

Front

What is a markdown rate?

Back

A markdown rate is the markup on an item expressed as a percent of its selling price.

Front

If a pair of boots costs $94.99 and is 25% off, what is the sale price?

Back

The sale price is $71.24.

Front

How do you calculate the unit price of an item?

Back

The unit price is calculated by dividing the total price by the total weight or quantity of the item.

Front

What is the unit price of Goldfish crackers priced at $1.99 for 7.2 oz?

Back

The unit price is approximately $0.28 per oz.

Front

What is the unit price of Cheez-its priced at $2.70 for 13.7 oz?

Back

The unit price is approximately $0.20 per oz.

Front

Which is the better deal: Goldfish crackers or Cheez-its?

Back

Cheez-its are the better deal.

Front

What is the unit price of Oreos priced at $2.98 for 15.5 oz?

Back

The unit price is approximately $0.19 per oz.

Front

What is the unit price of Chips Ahoy priced at $2.50 for 14 oz?

Back

The unit price is approximately $0.18 per oz.

Front

Which is the better deal: Oreos or Chips Ahoy?

Back

Chips Ahoy are the better deal.

Front

How do you calculate percent error?

Back

Percent error is calculated by taking the absolute value of the difference between the estimated value and the actual value, divided by the actual value, then multiplied by 100.