Exploring Discounts, Markups, Tax, and Tips

What is the main topic of the video?

• Percentages and their applications

• Geometry

• Algebra

• Statistics

If an item costs $50 and is on sale for 20% off, what is the sale price?

• $40

• $45

• $30

• $35

How do you convert a percentage to a decimal for multiplication?

• Add a zero at the end

• Divide by 10

• Move the decimal point two places to the left

• Move the decimal point one place to the right

What is the retail price of an item that costs $80 wholesale and is marked up by 50%?

• $100

• $120

• $90

• $130

What is a markup?

• A discount on the original price

• An increase in the original price

• The same as the wholesale price

• A type of tax

If your dinner bill is $30 and you leave a 15% tip, how much is the tip?

• $4.00

• $5.00

• $6.00

• $4.50

How do you round $4.567 to the nearest cent?

• $4.56

• $4.57

• $4.55

• $4.60

What is the total cost of a meal if the bill is $25, the tip is 10%, and the sales tax is 8%?

• $30.00

• $29.00

• $29.50

• $28.50

What is the purpose of adding sales tax to a bill?

• To increase the restaurant's profit

• To cover the cost of ingredients

• To comply with government regulations

• To pay the waitstaff

What should students do after watching the video?

• Ask questions in class

• Solve more problems

• Define terms and write about what they learned

• Take a break