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Math 7: Topic 3 Review

Total questions: 20

Worksheet time: 23mins

Name
Class
Date
1.

Amy deposits $200 in the bank for 5 years. She earns 5% interest. How much did she make in interest?

a)

$10

b)

$60

c)

$50

d)

$500

2.
 If you receive 25% off an item costing $22.00, how much money do you save?
a)
$ 5.50
b)
$ 4.25
c)
$6.00
d)
$7.35
3.

What does the I stand for in the simple interest equation?

a)

Income

b)

Igloo

c)

Ice

d)

Interest ($)

4.

What is the formula for simple interest?

a)

I = K*Y*X

b)

I = I*P

c)

I = P*r*t

d)

P = x*y

5.

What does the r stand for in the simple interest equation?

a)

Roses (petals)

b)

Random (decimals)

c)

River (gallons)

d)

Rate (% as decimal)

6.

What does the t stand for in the simple interest equation?

a)

Time

b)

Tents

c)

Totals

d)

Teeth

7.

The sales tax rate is 4%. If Gus buys a new pair of shoes priced at $117.93, what will be the cost including tax?

a)

$122.7

b)

$123

c)

$122.65

d)

$122

8.

A used laptop costs $420. The laptop was then marked up 57% before selling it. What was the sale price of the laptop?

a)

$239.40 markup

b)

$239.40 markdown

c)

$239 mark up

d)

$240 markdown

9.

Mark up is....

a)

Added to the original price

b)

Deducted to the original price

10.

How do we find a mark up of an amount

a)

We add the mark up % to 100, then turn it into a decimal and multiply it by the original amount

b)

We subtract the mark up % to 100, then turn it into a decimal and multiply it by the original amount

11.

How do we find a mark down of an amount

a)

We add the mark up % to 100, then turn it into a decimal and multiply it by the original amount

b)

We subtract the mark up % to 100, then turn it into a decimal and multiply it by the original amount

12.
Amelia sells jewelry.  She make a total of 12% of commission off of her sales.  How much commission Amelia make when she sells $22,540 worth of jewelry.
a)
13,780.80
b)
$450.80
c)
$2,704.80
d)
$304.80
13.

Adam went to Beggar's Pizza for dinner with his family. His bill was $33.24, and he wanted to leave a 17% tip. How much was Adam's total bill?

a)

$40.87

b)

$33.24

c)

$38.89

14.

Abby wanted to go to Buffalo Wild Wings for dinner with her friends. She paid for the entire bill and tip. The total bill was $16.98, and she decided to tip 18%. How much did she pay in total?

a)

$19.80

b)

$20.04

c)

$25.13

15.

What is 10% of $20?

a)

$10

b)

$2

c)

$5

d)

$15

16.

What area would you like more help in....

mark all that apply to you

a)

Finding Sales Tax

b)

Finding Sales Tax and the Final Total

c)

Finding Discount

d)

Finding Discount and the Sales Price

17.

The attendance for the basketball game was estimated to be 15,000 people, but 12,500 attended. What was the percent error?

a)

16.67%

b)

20%

c)

2500%

d)

80%

18.
The number of people signed up for a bus trip increased from 32 to 45. What is the percent increase? Round to the nearest percent.
a)
52%
b)
41%
c)
42%
d)
45%
19.
The regular price of a scooter is $65.50. It is on sale for $52.40. What is the percent decrease from the regular price to the sale price of the scooter? 
a)
35%
b)
25%
c)
30%
d)
20%
20.

An item that costs $50 is marked 20% off. Sales tax for the item is 8%. What is the final price, including tax?

a)

$43.20

b)

$36.00

c)

$36.80

d)

$72.00