Unit 6 Review

Front

What is the formula to calculate percent discount?

Back

Percent Discount = (Original Price - Sale Price) / Original Price * 100

Front

If an item originally costs $500 and is sold for $175, what is the percent discount?

Back

65%

Front

How do you calculate the number of items sold in a percentage?

Back

Number Sold = Total Items * (Percentage / 100)

Front

If a bakery sold 50 loaves of bread and 70% were sold in the afternoon, how many loaves were sold in the afternoon?

Back

35 loaves

Front

What is the formula to calculate percent change?

Back

Percent Change = (New Value - Old Value) / Old Value * 100

Front

If Mrs. Ciampa had 27 students last year and 30 this year, what is the percent change in the number of students?

Back

11%

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

If an item costs $100 and has a markup of $20, what is the selling price?

Back

$120

Front

What is simple interest?

Back

Simple Interest = Principal Amount * Rate * Time

Front

If Pennywise puts $300 in a bank account earning 4% interest, how much interest will he earn in 1 year?

Back

$12