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Math 7 (Module 2 Review)

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is the formula to calculate percent change?

a)

Percent Change = (New Value / Old Value) * 100

b)

Percent Change = ((New Value - Old Value) / |Old Value|) * 100

c)

Percent Change = (New Value + Old Value) / Old Value * 100

d)

Percent Change = (Old Value - New Value) / New Value * 100

2.

If a shirt costs $20 and is marked up by 25%, what is the new price?

a)

$15

b)

$30

c)

$25

d)

$22

3.

How do you calculate sales tax on a $50 purchase with a tax rate of 8%?

a)

$5.00

b)

$3.50

c)

$6.00

d)

$4.00

4.

If a hotel charges a 10% tax on a $100 room, how much is the tax?

a)

$5

b)

$10

c)

$15

d)

$20

5.

What is a reasonable tip percentage for good service at a restaurant?

a)

5% to 10%

b)

No tip is necessary

c)

25% to 30%

d)

15% to 20%

6.

If a $40 item is discounted by 15%, what is the sale price?

a)

$30

b)

$38

c)

$36

d)

$34

7.

How do you calculate the interest on a $200 loan at a 5% annual interest rate for one year?

a)

$5

b)

$10

c)

$15

d)

$20

8.

If you earn a 10% commission on a $300 sale, how much do you earn?

a)

$45

b)

$60

c)

$30

d)

$15

9.

What is the percent error if the estimated value is 50 and the actual value is 45?

a)

15%

b)

20%

c)

5%

d)

11.11%

10.

If a product is marked up from $30 to $45, what is the percent markup?

a)

25%

b)

50%

c)

40%

d)

75%

11.

How do you find the total cost of an item after adding a 6% sales tax?

a)

Total Cost = Original Price * 1.06

b)

Total Cost = Original Price + 6%

c)

Total Cost = Original Price - 6%

d)

Total Cost = Original Price * 0.94

12.

If a meal costs $60 and you want to leave a 20% tip, how much should you tip?

a)

$20

b)

$8

c)

$12

d)

$15

13.

What is the total cost of a $80 hotel room with a 12% tax?

a)

$84.00

b)

$95.20

c)

$90.00

d)

$89.60

14.

If a store offers a 25% discount on a $200 item, what is the final price?

a)

$100

b)

$150

c)

$175

d)

$180

15.

How do you calculate the percent change if a stock price goes from $50 to $75?

a)

30%

b)

25%

c)

50%

d)

100%

16.

If a car's value depreciates from $20,000 to $15,000, what is the percent depreciation?

a)

25%

b)

20%

c)

15%

d)

30%

17.

What is the final price of a $150 item after applying a 15% discount?

a)

$127.50

b)

$145.00

c)

$135.00

d)

$120.00

18.

If a $500 investment earns a 4% interest over one year, how much interest is earned?

a)

$10

b)

$25

c)

$15

d)

$20

19.

If a $120 item is subject to a 10% sales tax, what is the total cost?

a)

$128.00

b)

$132.00

c)

$120.00

d)

$126.00

20.

If a pair of shoes costs $80 and is marked up by 30%, what is the new price?

a)

$104

b)

$110

c)

$90

d)

$100