Percent Checkpoint

Front

What is a percentage?

Back

A percentage is a way of expressing a number as a fraction of 100. It is often used to compare proportions.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 25% of 200, calculate 200 x 0.25 = 50.

Front

What is commission in sales?

Back

Commission is a fee paid to an employee based on the sales they generate. It is usually a percentage of the total sales.

Front

How do you calculate total earnings with a base salary and commission?

Back

Total earnings = Base salary + (Sales amount x Commission rate). For example, if the base salary is $2000 and sales are $10,000 at a 6% commission, total earnings = 2000 + (10000 x 0.06) = $2600.

Front

What does a discount mean?

Back

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

Front

How do you calculate the sale price after a discount?

Back

Sale price = Original price - (Original price x Discount rate). For example, if a shirt costs $50 and has a 20% discount, the sale price is $50 - ($50 x 0.20) = $40.

Front

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.

Front

How do you calculate the total cost including sales tax?

Back

Total cost = Sale price + (Sale price x Sales tax rate). For example, if the sale price is $100 and the sales tax is 7%, total cost = 100 + (100 x 0.07) = $107.

Front

What is the formula to find the percentage of correct answers on a test?

Back

Percentage correct = (Number of correct answers / Total questions) x 100. For example, if a student answers 40 out of 50 questions correctly, the percentage is (40/50) x 100 = 80%.

Front

How do you convert a fraction to a percentage?

Back

To convert a fraction to a percentage, divide the numerator by the denominator and multiply by 100. For example, 1/4 = (1 ÷ 4) x 100 = 25%.