Exploring Tax, Tip, Discount, and Markup Concepts

Which of the following is NOT a real-life application of percentages discussed in the video?

• Interest

• Discount

• Tip

• Tax

What is the first step in solving percentage problems?

• Change the percent to a decimal

• Add or subtract to find the final cost

• Multiply the decimal by the original price

• Round the decimal to the nearest whole number

If you are calculating a discount, what should you do after converting the percentage to a decimal and multiplying by the original price?

• Divide the result by the original price

• Add the result to the original price

• Subtract the result from the original price

• Multiply the result by 100

Drew wants to buy exercise equipment that costs $140 with a sales tax of 5.75%. What is the total cost?

• $147.75

• $148.05

• $485.00

• $148.50

What is the decimal equivalent of 5.75%?

• 0.0575

• 0.575

• 0.00575

• 5.75

A customer wants to tip 15% on a $35 restaurant bill. What is the total bill including the tip?

• $40.25

• $45.00

• $42.00

• $39.50

What is the decimal equivalent of 15%?

• 0.15

• 1.5

• 15.0

• 0.015

A store marks up the price of a $56 GPS navigation system by 25%. What is the selling price?

• $70.00

• $65.00

• $75.00

• $80.00

What is the decimal equivalent of 25%?

• 0.25

• 2.5

• 25.0

• 0.025

A boogie board is regularly priced at $69 and is on sale for 35% off. What is the final cost?

• $48.00

• $50.00

• $44.85

• $45.00