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Interest, Tipping, and Taxes

Total questions: 26

Worksheet time: 49mins

Name
Class
Date
1.

What is tipping?

a)

Extra money paid to a server for excellent service

b)

A kind of jelly

c)

What cows do.

d)

Bad.

2.
Your bill is $45.00.  How much should you tip?  (20 % tip)
a)
$2.00
b)
$3.00
c)
$5.00
d)
$9.00
3.
Your bill is $9.00? How much should you tip approximately? (20 % tip)
a)
$1.00
b)
$2.00
c)
$5.00
4.
Your bill is $60.00.  What should you tip your waitress?  (20 % tip)
a)
$9.00
b)
$12.00
c)
$15.00
d)
$20.00
5.
Your bill is $90.00.  What would you tip your waiter?  (20 % tip) 
a)
$10.00
b)
$18.00
c)
$30.00
d)
$50.00
6.
Write the percent as a decimal. 
4.3%
a)
4.3
b)
.43
c)
.043
d)
4300
7.
Write the percent as a decimal. 
5%
a)
5
b)
.5
c)
.05
d)
500
8.
Write the percent as a decimal. 
3.25%
a)
.0325
b)
.325
c)
3250
d)
32.5
9.
Maria borrowed $3,000 at a simple interest rate of 4% per year.  How much did she have to repay after 4 years?
a)
$480
b)
$3,480
c)
$4,800
d)
$7,800
10.
Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?
a)
$7.50
b)
$26.25
c)
$87.5
d)
$262.50
11.
What is the total cost with sales tax?
Price $17.95
Tax 6%
a)
$19.03
b)
$18.50
c)
$1.08
d)
$2.15
12.
Sales tax is __________ to the price.
a)
subtracted
b)
added
c)
multiplied
d)
divided
13.

Vicky made some purchases at the Sunflower Market. She bought strawberries for $3.50, carrots for $2.25 and a bouquet of flowers for $9.95. If sales tax is 5%, what will Maria pay altogether?

(a)  

14.

The TV you bought was $900 and the sales tax was 10%, what was the total cost of the TV.

a)

$900

b)

$990

c)

$810

d)

$1035

15.

Billy Bob just bought a new car. His car costs $75,000. How much money will he pay in taxes for the car if the sales tax is 6%?

a)

$1000.00

b)

$2000.00

c)

$4000.00

d)

$4500.00

16.

A fee that is added to the price of an item.

a)

salary

b)

income

c)

payroll tax

d)

sales tax

17.
Sales tax is __________ to the price.
a)
subtracted
b)
added
c)
multiplied
d)
divided
18.

When Ms. Hopper gets her hair done, it costs $80. She gives her hair stylist a 25% tip. How much does Ms. Hopper pay total?

a)

It costs Ms. Hopper $100 total.

b)

It costs Ms. Hopper $64 total.

c)

It costs Ms. Hopper $80.25 total.

19.

Change the following percent to a decimal: 30%

a)

.03

b)

.30

c)

3.0

d)

30

20.
Change 0.384 to a percent.
a)
3.84%
b)
384%
c)
38.4%
d)
38.4
21.
Change 4% to a decimal.
a)
.04
b)
.004
c)
.4
d)
4
22.
The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.
a)
fraction
b)
decimal
c)
ratio
d)
dollar amount
23.
David buys a sweater for $45.99 from Macys. Sales tax in Maryland is 6%. How much will David pay total?
a)
$2.76
b)
$50.01
c)
$48.75
24.

A hockey stick originally cost $79. How much will Steven save if he has a coupon for 20% off?

a)

$63.20

b)

$15.80

c)

$3.95

d)

$63.20

25.

A computer that originally costs $929 was returned to the electronics store. Because the box was opened, the store put it on the clearance rack for 35% off. What is the price of the computer?

a)

$325.15

b)

$1,254.15

c)

$603.85

d)

$500

26.

The ticket price for a one-way flight from Orlando to Philadelphia is regularly $149. If Callie is purchasing a ticket for the day before Thanksgiving and the airline marked the ticket price up 72%, find the cost of her ticket.

a)

$107.28

b)

$41.72

c)

$250.25

d)

$256.28