Consumer Math Concepts and Applications

This video tutorial reviews a consumer math unit test, covering topics such as converting percentages to fractions and decimals, using percent proportions, calculating discounts, sale prices, taxes, and interest, and determining percent change. The tutorial provides step-by-step solutions to various math problems, emphasizing the importance of rounding and simplification.

What is the first step in the consumer math unit test review?

• Reviewing basic arithmetic

• Understanding geometric shapes

• Solving algebraic equations

• Converting percentages to fractions

How do you express 78% as a fraction in simplest form?

• 7/8

• 78/100

• 3/4

• 39/50

What is the fraction equivalent of 6 out of 25 as a percentage?

• 25%

• 30%

• 24%

• 20%

How do you write 3.5% as a decimal?

• 0.0035

• 3.5

• 0.35

• 0.035

What is the percent proportion formula used for solving problems?

• Whole/Part = Percent

• Percent = Part x Whole

• Whole = Part x Percent

• Part/Whole = Percent

If a product is originally $17.99 and is 20% off, what is the discount amount?

• $2.99

• $4.00

• $3.00

• $3.60

A dress is on sale for $44 after a 20% discount. What was the original price?

• $55

• $50

• $45

• $60

If the sales tax is 4% on a $29.90 item, how much tax is added?

• $1.00

• $1.50

• $2.00

• $1.20

A shirt costs $60 with a 15% discount and 10% tax. What is the final price?

• $50.00

• $56.10

• $54.00

• $60.00

What is the simple interest on $1500 at 4.4% for 4 years?

• $264

• $300

• $250

• $280