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
The value of a car decreased from $1,600 to $1,200 in a year. What was the percent decrease?
25% decrease
Shirley borrows $5000 from Great Uncle Fred to buy a car. He charges 4.5% simple interest for 54 months. How much interest will be added to the loan?
$1012.50
The amount an item is reduced from its original price.
Markdown or discount
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?
Last year there were 520 student enrolled at a school. This year there are 572 students enrolled. What is the percent increase in enrollment?
10% increase
Pedro took out a 4-year loan for $32,500 to pay his college tuition. He has to pay 4% simple interest on the loan. How much interest will Pedro have to pay?
$5,200
The extra amount you pay when financing an expensive item
Interest
Frames-To-Go charges $60.50 for framing and 8% sales tax. What would the total for the framing cost be?
$65.34
Ana estimated the mass of an object to be 54 grams. The actual mass of object 45 grams. What was the percent change?
20%
Mrs. Piazza invested $8000 in an account that pays 3% interest per year. What will be the balance on her account after 4 years
8,960
When you add money into your checking account
Deposit
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
Dane went to a concert with 420 people. The next concert he went to had only 375. What was the percent decrease?
12%
Tom borrowed $900 from a bank. If he pays an annual interest rate of 6%, how much interest will he have to pay after 6 months?
$27
When you spend or take money out of your checking account
Withdrawal
Nikole got $30 tip from her table. If the total bill was $150, what percent tip did the table leave her?
20%
Nancy measured the temperature of a liquid to be 48 degrees. 10 minutes later the liquid was 50 degrees. What was the percent increase?
4%
Victoria deposited $1,200 into a savings account that pays 3% interest per year. What will be the balance in her account after 48 months?
$1,344