Markups and Discounts

Lillie deposited $3,500 into a savings account that earns 2.2% simple interest. How much interest will she earn in 5 years?

• $38,500

• $3850

• $385

• $38

Emma is buying a shirt with a price of $45. The store is having a sale that will reduce the price by 30%. Sales tax of 8% will be added to the final price. What is Emma’s total cost for the shirt?

• $34.02

• $1.08

• $31.50

• $48.60

Some sporting equipment is on sale for 40% off the regular price. If the regular price is $57.50, then what is the sale price?

• $23.00

• $80.50

• $34.50

• $92.00

The Hughes family at a restaurant.

· The cost of the meal was $64.50

· The sales tax was 7% of the cost of the meal.

· They left a tip of 15% of the cost of the meal plus tax.

What was the total cost of the meal, tax, and tip?

• $65.18

• $69.02

• $74.18

• $79.37

An investment of $2,300 is earning 6% simple interest each year. How much will the investment be worth after one year?

• $138

• $2438

• $1,380

• $13,800

A salesperson earns 4% commission off of tv sales each month. Last month she had $11,520 in sales. How much commission did she earn?

• $460.80

• $4,608

• $46,080

• $11,980.80

The same employee makes $13 each hour she works. If she worked 65 hours last month how much did she make last month, not including her commission?

• $78

• $845

• $52

• $100

A clothing boutique has a markup rate of 55%. Find the selling price of a shirt that costs the store owner $28.

• $15.40

• $12.60

• $43.40

• $28

A $3500 loan has an annual interest rate of 5.5% on the amount borrowed. How much time has elapsed if the interest is now $577.50?

• 2 years

• 3 years

• 4 years

• 5 years

A baseball supply store pays a wholesaler $85 for a baseball glove and sells it for $150. What is the markup rate? Round to the nearest percent.

• 127%

• 27%

• 176%

• 76%