Double Percent Increase/Decrease

Front

What is a percent increase?

Back

A percent increase is a way to express how much a quantity has grown in relation to its original amount, calculated as (new value - original value) / original value * 100.

Front

What is a percent decrease?

Back

A percent decrease is a way to express how much a quantity has shrunk in relation to its original amount, calculated as (original value - new value) / original value * 100.

Front

How do you calculate total cost including tax?

Back

To calculate total cost including tax, multiply the original price by the tax rate (as a decimal) and add that to the original price. Total Cost = Original Price + (Original Price * Tax Rate).

Front

How do you calculate a tip based on the total bill?

Back

To calculate a tip, multiply the total bill amount by the tip percentage (as a decimal). Tip = Total Bill * Tip Percentage.

Front

What is the formula for calculating the selling price after a markup?

Back

Selling Price = Cost Price + (Cost Price * Markup Percentage).

Front

How do you calculate the final price after applying multiple discounts?

Back

To calculate the final price after multiple discounts, apply each discount sequentially to the price after the previous discount.

Front

What is a commission in sales?

Back

A commission is a fee paid to a salesperson based on the sales they make, usually expressed as a percentage of the sale price.

Front

How do you calculate the commission earned from a sale?

Back

Commission Earned = Selling Price * Commission Rate.

Front

What does it mean to mark up a price?

Back

Marking up a price means increasing the original cost of an item by a certain percentage to determine the selling price.

Front

How do you calculate the price after a percentage markup?

Back

Price after Markup = Original Price + (Original Price * Markup Percentage).