Front

What is percent increase?

Back

Percent increase is the amount that a value has grown, expressed as a percentage of the original value.

Front

What is percent decrease?

Back

Percent decrease is the amount that a value has fallen, expressed as a percentage of the original value.

Front

How do you calculate percent increase?

Back

Percent increase = ((New Value - Original Value) / Original Value) x 100.

Front

How do you calculate percent decrease?

Back

Percent decrease = ((Original Value - New Value) / Original Value) x 100.

Front

What is the total cost with sales tax?

Back

Total Cost = Price + (Price x Sales Tax Rate).

Front

If an item costs $50 and has a 20% discount, what is the sale price?

Back

Sale Price = Original Price - (Original Price x Discount Rate) = $50 - ($50 x 0.20) = $40.

Front

What does it mean to mark up a price?

Back

Marking up a price means increasing the original price by a certain percentage to determine the selling price.

Front

If a store buys a shirt for $20 and marks it up by 25%, what is the selling price?

Back

Selling Price = Cost + (Cost x Markup Rate) = $20 + ($20 x 0.25) = $25.

Front

What is a discount?

Back

A discount is a reduction in the original price of an item.

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100.