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 sales tax?

Back

To calculate sales tax, multiply the total price by the sales tax rate (as a decimal) and add it to the original price.

Front

What is a tip and how is it calculated?

Back

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

Front

How do you calculate a percentage increase?

Back

To calculate a percentage increase, subtract the original value from the new value, divide by the original value, and multiply by 100.

Front

How do you calculate a percentage decrease?

Back

To calculate a percentage decrease, subtract the new value from the original value, divide by the original value, and multiply by 100.

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit, usually expressed as a percentage.

Front

How do you find the new price after a markup?

Back

To find the new price after a markup, multiply the original price by the markup percentage (as a decimal) and add it to the original price.

Front

What is the formula for calculating the total cost after applying a discount?

Back

Total Cost = Original Price - (Original Price x Discount Rate)