Percents

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 percent error?

Back

Percent Error = |(Measured Value - Actual Value)| / Actual Value × 100%.

Front

What is a discount?

Back

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

Front

How do you calculate the amount of discount?

Back

Amount of Discount = Original Price × (Percent Discount / 100).

Front

What is a tip?

Back

A tip is a small amount of money given to service workers, typically expressed as a percentage of the total bill.

Front

How do you calculate a tip?

Back

Tip Amount = Total Bill × (Tip Percentage / 100).

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 selling price using markup?

Back

Selling Price = Cost Price + (Cost Price × (Markup Percentage / 100)).

Front

What is simple interest?

Back

Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal.

Front

How do you calculate simple interest?

Back

Simple Interest = Principal × Rate × Time.