% increase and decrease
Money, Money, Money, Money..... MONEY!! $
Decisions..... Decisions
Interest
UGH...Taxes
100
A dress that normally sells for $72 is on sale for $45. What is the percent decrease in the price?
37.5% decrease
100
A car salesman earns 10% commission on each car he sells. Last week he sold $87,500 worth of cars. How much commission did he earn?
He earned $8,750
100
Which coupon is the better deal on a $125 item?
25% off a purchase of $75 or more
$30 off a purchase of $100 or more
25% off will save you $31.25
100
What is the formula for calculating interest?
100
The sales tax in Georgia is 7%. What is the amount of tax collected on a $24 shirt?
$1.68
200
A home purchased for $120,000 in 2012 is sold for $156,000 in 2015. What is the percent increase in the price?
30% increase
200
Tamara worked the pottery convention last week and was paid a percentage of the sales. The total amount of sales was $215,700 and she was paid $6400. What was the approximate percentage (rounded to the nearest whole percentage) of total sales Tamara was paid?
approximately 3% percent of total sales
200
Would you rather take 20% off or take $5 off a $25 item?
Both discounts would take $5 off making the item only $20
200
John just bought a $325,000 house with a 30 year fixed rate mortgage at 3.2% interest. What will be the amount of interest John pays on his house by the time he is finished with hos mortgage payments?
$312,000
200
What is the percent increased formula ?
Bonus: What does the 1 represent in the equation?
C(1+%)= T
where "C" represents the original cost and "T" represents the total
The 1 represents 100%
300
The CD Warehouse is having a clearance sale. A CD player that originally sells for $60 is now priced at $36. What is the percent decrease in the price?
40% decrease
300
A waitress earned a 15% tip on a $78 bill. How much was the waitress' tip and what was the diner's total bill?
tip: $11.70
Total bill: $89.70
300
Would you rather work for 8 hours earning $11.25 an hour or would you rather be a server and earn an 18% tip on each of the following bills $125, $250, $75
I would prefer to work for 8 hours earning $11.25 an hour: 8 x 11.25 = $90
18% of $125: $22.50, $250: $45, $75: $13.50
$22.50 + $45+ $13.50 = $81
300
Sally deposited $1,500 in an account for 20 years and accrued $750 in interest. What was her interest rate?
2.5%
300
While on vacation in California you decided to buy some souvenirs. All of your items came to a total of $68.34. With a state tax rate of 13.3% how much did you end up paying for your items?
$77.43
400
Ken’s heart rate went from 74 beats per minute while resting to 148 beats per minute while exercising. What is the percent increase in his heart rate?
100% increase
400
Berry earns 5% commission on every upsell he sells and receives a 12% pay increase for every hour of overtime he works. Last month Berry upsold a total of $1,250 in goods and worked 14 hours of overtime. What was Berry's total bonus last month if he makes $12.75 per hour?
5% of $1,250 is $62.50
12% of $12.75 is $1.53 making his overtime pay $14.28 per hour. $14.28(14 hours)= $199.92
$62.50 + $199.92= $262.42
400
A cabinet in Georgia costs $125 and the state tax rate is 7%
The same cabinet costs $95 in Hawaii where the state tax rate is 11%, but I must pay $25 in shipping costs
Where should I buy the cabinet from?
Hawaii: $130.45
400
Adrianna bought a house and once she was done with her 20 year mortgage with an interest rate of 2% she paid $87,000 in interest. What was the cost of her home?
$217,500
400
To help with his business' rising costs, Angel decided to increase his prices. Last week a scooter cost $5,299. This week, the same scooter now costs $5,457.97. What was the percentage of price increase on Angel's scooters?
3% price increase
500
Elinor wanted to order an 18-inch hoagie, which cost $7.99. The sandwich shop is out of 18-inch buns. It only has 12-inch buns.
What should the percent decrease in cost of the hoagie be? (**What is the % decrease in hoagie roll size**)
What should the new cost be?
approximately a 33% decrease
New cost is approximately $5.35
500
A real estate agent earns 15% commission on every house he sells. Write an equation to model this scenario. How much commission would he earn if he sold a $875,000 house?
P (0.15) = C
where "P" represents the price of the home and "C" represents the commission
$131,250
500
Should Celeste deposit $525 in an account for 10 years with an interest rate of 6% or should she deposit the same amount of money in an account for 8 years with an interest rate of 8%
She will earn $336 in interest if she deposits her money for 8 years with an 8% interest rate
500
How many years did Sheryl leave her money in her bank account if she accrued $19,125 in interest after depositing $42,500 in a savings account with a 5% interest rate?
9 years
500
What tax bracket would I be in if I made $425,000 a year and file married filing jointly? How much money would I pay in federal taxes each year?
Tax bracket: 32%
$136,000