Percent Application

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 the percent of a number?

Back

To calculate the percent of a number, multiply the number by the percent (in decimal form). For example, to find 30% of 120, calculate 120 x 0.30 = 36.

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, usually expressed as a percentage.

Front

How do you calculate savings from a discount?

Back

To calculate savings from a discount, multiply the original price by the discount percentage (in decimal form).

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 calculate the final price after markup?

Back

To calculate the final price after markup, multiply the original price by the markup percentage (in decimal form) and add it to the original price.

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What is sales tax?

Back

Sales tax is a tax imposed by the government on the sale of goods and services, usually expressed as a percentage of the sale price.

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How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the price by the sales tax rate (in decimal form) and add it to the original price.

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What is a better buy?

Back

A better buy is the option that provides more value for the price, often determined by comparing the unit price of different quantities.

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How do you find the unit price?

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To find the unit price, divide the total price by the number of units. For example, for a $7.60 bottle of soap (8 ounces), the unit price is $7.60 / 8 = $0.95 per ounce.