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Tax, discount, markup, tips, commission, interest

Total questions: 12

Worksheet time: 21mins

Name
Class
Date
1.

According to a survey of Americans, 39 out of 50 people prefer coffee to tea. What percentage prefer coffee to tea?

Hint: 39/50 so you will divide ___ by ___.

a)

58

b)

68

c)

78

d)

88

2.

What is 15% of 66?

a)

9.6

b)

9.7

c)

9.8

d)

9.9

3.

48 is what percent of 96?

a)

35

b)

40

c)

45

d)

50

4.

Joe spent $35 on a meal. There is 8.75 sales tax. How much did he pay altogether for the meal and tax?

a)

$38.06

b)

$38.07

c)

$38.08

d)

$38.09

5.

Bob gets a haircut for $30. He wants to give the barber a 15% tip. What would the tip be?

a)

$4

b)

$4.50

c)

$5

d)

$5.50

6.

Jake wins 2,000,000 in the lottery. But he has to pay 36% in taxes for this amount. How much does he get to keep of the 2,000,000.

Be careful - how much does he keep, not have to pay

a)

720,000

b)

1,280,000

c)

800,000

d)

1,400,000

7.

Bob buys a pair of shoes for $210, but they give him a 25% discount. How much did he pay?

a)

145

b)

155

c)

157.50

d)

165

8.

Bob gets a 15% commission on all the clothing he sells at a store. Last week he sold $490 worth of clothing. What is his commission?

a)

72.50

b)

73.50

c)

74.50

d)

75.50

9.

Sam deposits $10,000 in a savings account. The interest is 3% per year. After one year, how much money does Bob have?

a)

$10,303

b)

$10, 030

c)

$10,300

d)

$13,000

10.

Joe began eating properly and started exercising. His weight went from 110 kg to 90 kg in 3 months. What percent of decrease was this?

Hint: difference/original weight

a)

11.1

b)

22.2

c)

33.3

d)

44.4

11.

"People are getting too fat!" The mayor of New York said. "We need to put a huge tax on soda so that people stop buying soda and start buying tea or bottled water." The mayor proposed a 30% tax on any soda purchases. Dan buys a six-pack of Coca Cola for $4. With the tax, how much will he have to pay?

Hint: (.30 x 4) + 4

a)

$4.20

b)

$5.20

c)

$6.20

d)

$7.20

12.

Trump decided to impose a 25% tariff on Chinese goods when he was president. If I am a Chinese company exporting silk, and my silk is worth $5,000,000, how much of a tariff would I have had to pay for it to enter the USA?

a)

$1,250,000

b)

$5

c)

about $50

d)

$50,000