7th Grade Financial Lit Test Review

You are planning a vacation to Hawaii that will cost $5875, but if you schedule it today you can save 20%.  How much will you save by scheduling it today?

• $7050.00
• $4700.00
• $1175.00
• $117.50

The number of students in the school went from 1028 down to 755.  What is the percent decrease?

• 26%
• 27%
• 36%
• 136%

The Green family went to dinner and the bill was $67.45.  Mr. Green wanted to leave an 18% tip for the waiter.  How much will the waiter receive?

• $121.41
• $55.31
• $79.59
• $12.14

Mr. Potter purchased an owl for $87.  To his surprise it was on sale for $65.  What was the percent of change?

• 74.7%
• 133.8%
• 34%
• 25.3%

Jack had to purchase a book for college.  The book cost $280 at the campus store.  Jack found it online for 15% off.  How much can he save if he purchases it online?

• $420
• $322.00
• $238
• $42.00

You plan to purchase a plane ticket for $299.00 and you are going to use a discount code to receive 15% off.  How much will the ticket cost?

• $149.50
• $254.15
• $343.85
• $44.85

What is the total cost with sales tax?
Price $6.15
Tax 7%

• $6.58
• $6.75
• $6.23
• $0.43

What is the total cost with sales tax?
Price $120.00
Tax 5%

• $126.00
• $6.00
• $135.00
• $123.00

What is the total cost with sales tax?
Price $14.00
Tax 6%

• $14.84
• $0.84
• $15.00
• $16.25

Principal = $500
Interest rate =5%
Time = 5 years
What is the interest earned?

• 95
• 105
• 125
• 135