Discounts /markups
what is the difference from %OFF vs %OF
OFF is discounted from the price OF is multiplied by the price
Lets say a waitress at a resort gets gratuity based on this equation -> g= 0.15b, where g is gratuity and b is the bill. what does 0.15 stand for?
15% off of every b (bill)
Gabby deposits $600 into her savings with a 3% interest rate. How much in interest will she make at the end of 2yrs?
I=$36
Using -> y=1.0625x (x=listed price y=price INCLUDING tax)
Determine the cost including tax of an item at a listed price of $150.
$159.37... (yes the last four should be 3750 but that isn't possible in money form)
A shirt cost $20, when it was on sale for 75% off. What was the price of the discount?
$15
Using ( g=0.15b )
- When the food bill is $19 what will she receive in tips?
g=2.85
Adam decided he wanted to make his own business and borrowed $16,000 from the bank with a simple interest rate of 8% per year. How much interest will Adam have to pay back at the end of the year?
$1,280
The sales tax in California is 6%. How much sales tax would there be if Celeste bought a $750 computer ?
y= $45
A school buys yearbooks for $25 each, they mark up 20% before selling to families. After the mark up how much are they going to sell each one for?
$30
Using (g=0.15b)
The room service waitress receives $2.10, how much was the food bill?
b=$14
Lilly deposits $300 into a savings account with a simple interest of 5% per year, after 3 years how much interest would she have accumulated?
$45
Using the points (10,10.50) (100,105) how would I find the rate to determine the price of an item that cost $100?
Choosing a set of points and divided point y by the x point.
ex: 10.50 / 10 = 1.05
A hairstylist makes 18% gratuity on her services, she would like to end the day off with $270. In services, how much would the customers need to spend?
$1,500
If the restaurant bill is $18, how much was the tip?
Using : t=.20b
$3.60
Noah deposits $800 into a bank account which earns interest. Noah doesn't make any deposit's or withdraws but at the end of the year the account balance is $816. What was his interest rate?
2%
Using (10.50) (100, 105) what would the tax rate of an item priced at $150 be and what would the price of the item be including sales tax?
$157.50
Jayce is selling magnets, he bought them at $7.50 each but is planning to mark up 30%. How much is he planning on selling them for?
We now walk into a nice restaurant where they add an automatic 18% tip to every bill processed. How would you write that in an equation.
t=.18b
Kevin is now a car sales men who makes 10% commission off of every car sold, he sold a $20,000 car in morning and right before he left he sold another car for $18,000, what would be his earned commission?
$3,800
Bentley has now opened up his new clothing store and orders his materials outside of the country, he pays around 20% in fees plus shipping on every order. what was the amount with shipping fee if he spent $20?
$24.00