Discounts and Markups
Jillian bought a $200.00 softball bat when it was on sale for 15% off. What was the sale price?
$170
Demi is a real estate agent. She pays 3% tax on each house she buys. How much tax will Demi pay if she sells a house for $270,000?
$8100
.20
Name two types of loans?
Example answer:
-car loan
-House loan
-School loan
Will you receive a lower interest rate if you have a high or low credit score?
High credit score
A store is offering a discount of 25% on fishing rods. What is the amount of discount a customer will save for a rod regularly priced at $25.00?
$6.25
Joe had his hair cut, and the price was $14. If he also gave the barber a 20% tip, what was the total cost of the haircut?
What is $16.80?
What is 35% in decimal form?
.35
Do you want a high credit score or a low credit score?
High credit score
Will you pay more interest on a longer term loan or a shorter term loan?
A department store bought a stereo for $350 wholesale and marks it up 20% . What will the retail cost be?
$420.00
Frames-To-Go charges $60.50 for framing and 8% sales tax. What would the total for the framing cost be?
$65.34
What is 34.5% in decimal form?
.345
What will happen if you make a late payment on your loan?
You will be charged a fine
What is interest?
The amount of money a bank charges for borrowing you money.
Jamal bought a skateboard priced at $129 and a helmet for $21. Sales tax on the entire purchase is 6%. What is the amount of tax that will be added to his bill?
$9
What is 4.75% in decimal form?
.0475
Is sales tax the same in every state?
no
What does CD stand for?
A. Certificate of Deposit
B. Certificate of Decimal
C. Certificate of debt
A
Ryan bought a game console for $80.00. There was discount for 20%. What is the new price of the item?
$64
Nikole got $30 tip from her table. The bill was $97. What was the total bill with the tip?
$127
What is .47 in percent form?
47%
Name one thing that can impact your credit score
Example Answers:
-Payment history
-Amount owed
-Credit history
What is principal?
A. the amount of money you make from the bank
B. the amount of interest you receive
C. the beginning balance in your investment account
C