Percentages
What is 25% of $200?
If your monthly income is $2,000, and you spend $1,200, how much do you have left for savings?
$2000-1200 = $800
If an item costs $80 and the sales tax rate is 5%, what is the total cost?
$80 x .05 = $4
$80 + $4 = $84
If Store A sells a book for $15 and Store B sells it for $12, which store has the better price?
Store A
What are paycheck deductions?
Money taken from your paycheck by your employer to pay taxes, social security, insurance etc.
If you scored 80 out of 100 on a test, what percentage did you receive?
80% - B
What is a budget?
A spreadsheet of how much you make minus all your expenses (how much you spend). Once you determine your budget, it tells you how much you can spend
What is the formula for calculating 7% sales tax?
.07 x amount spent
What are the two main factors to consider when comparing prices?
size of the package (how many or how many pounds) and cost
If you earn $1,200 a month and have a deduction of $300 for taxes, what is your take-home pay?
$1200-300 = $900
A shirt originally costs $50 but is on sale for 20% off. What is the sale price?
20% of 50 is $10. The shirt costs $40.00
If you want to save $600 over 6 months, how much should you save each month?
600 divided by 6 = $100
If the sales tax is 7%, how much tax would you pay on a $150 purchase?
.07 x 150 = $10.50
If a gallon of milk costs $3.50 at one store and $3.75 at another, how much can you save by buying it from the cheaper store?
$3.75 - $3.50 = $.25
If your gross pay is $2,500 and you have a 12% deduction for retirement, how much is deducted?
$1200 x .12 = $144.00
If a population of a town increases by 15% over a year, what is the new population if the original was 2,000?
2,300 people
If your rent is $800 and you want to keep your housing costs to 30% of your income, what should your monthly income be?
$800 divided by .30= $2666.66
What is the total cost of a $250 item with a sales tax of 6%?
.06 x $250 = $15.00
$250 + $15 = $265
If a pair of shoes is priced at $80 and is marked down to $60, what is the percentage discount?
$80-$60 = $20
20/80 = .25 = 25%
What is the difference between gross pay and net pay?
Gross pay is before deductions; net pay is less and is after deductions (take home pay)
How much would you earn in interest on a $1,000 investment at an annual interest rate of 5% after 3 years?
$50 year 1
$52.50 year 2
$55.24 year 3
Total $157.74
If you have a yearly budget of $24,000, what is your monthly budget?
$24,000 divided by 12 months = $2000/month
If you buy three items priced at $50, $75, and $100, and the sales tax is 8%, what is the total amount spent including tax?
$50 + $75 + $100 = $225
$225 x 1.08 = $243
You need to compare the price per ounce of two different brands of cereal. Brand A costs $4 for 12 ounces, and Brand B costs $3 for 8 ounces. Which brand is cheaper per ounce?
$4 divided by 12 oz. = .33 per ounce
$3 divided by 9 oz = .37 per ounce
$4 for 12 ounces is cheaper
If your paycheck shows a deduction of $150 for health insurance and $100 for taxes on a $2,000 gross pay, what is your net pay?
$2000 - $100 - $150 = 1750