Review Percent: Inc/Dec, Markup,Discount, Tax and Tip

Front

Tip is ____________ to the cost of a service.

Back

added

Front

Markup is ___________ to the price of an item.

Back

added to

Front

A store pays $1.50 for a bag of candy. If the store wants to mark-up the price 60%, which expression could be used to find the price that is charged in the store?

Back

1.50(1.60)

Front

A store has a sale for 25% off. You want a sweater that usually costs $30. How much money will you spend on the sweater?

Back

22.50

Front

A restaurant requires customers to pay a 15% tip to their server. If your family spent $65 on a meal. How much did your family tip your server?

Back

9.75

Front

What is the formula to calculate the total cost after adding a tip?

Back

Total Cost = Service Cost + (Service Cost × Tip Percentage)

Front

How do you calculate the selling price after applying a markup?

Back

Selling Price = Cost Price + (Cost Price × Markup Percentage)

Front

If an item is discounted by 20%, how do you find the sale price?

Back

Sale Price = Original Price - (Original Price × Discount Percentage)

Front

What is the total amount paid when including tax on a purchase?

Back

Total Amount = Purchase Price + (Purchase Price × Tax Rate)

Front

If a meal costs $50 and the tax rate is 8%, what is the total cost including tax?

Back

Total Cost = 50 + (50 × 0.08) = 54