Percent Applications

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

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, to find 15% of 200, calculate 200 x 0.15 = 30.

Front

What is commission?

Back

Commission is a fee paid to an employee based on the sales they make, usually expressed as a percentage of the sales amount.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (in decimal form). For example, for an item costing $100 with a 7% tax, calculate 100 x 0.07 = $7.

Front

What is a discount?

Back

A discount is a reduction in the price of an item, often expressed as a percentage of the original price.

Front

How do you find the total cost after a discount?

Back

To find the total cost after a discount, subtract the discount amount from the original price. For example, if an item costs $100 and has a 20% discount, the discount is $20, so the total cost is $100 - $20 = $80.

Front

What is the formula for calculating a tip?

Back

To calculate a tip, multiply the total bill amount by the tip percentage (in decimal form). For example, for a $50 bill with a 15% tip, calculate 50 x 0.15 = $7.50.

Front

How do you calculate the final price including tax?

Back

To calculate the final price including tax, add the sales tax to the original price. For example, if an item costs $50 and the tax is $4, the final price is $50 + $4 = $54.

Front

What does it mean to mark up a price?

Back

Marking up a price means increasing the original price of an item, often to cover costs and make a profit.

Front

How do you calculate the percentage increase?

Back

To calculate the percentage increase, subtract the original value from the new value, divide by the original value, and multiply by 100. For example, if a price increases from $50 to $60, the increase is (60-50)/50 x 100 = 20%.