Vocabulary
What is a synonym for tip?
A. Gratuity
B. Fee
C. Principal
D. Interest
A. Gratuity
Mei paid $1.64 in sales tax on a purchase of $20.50. What is the sales tax rate?
8%
Noelle estimated that there would be 21 members in her bicycle club by the end of summer. There were actually 25 members at the end of summer. What is the percent error of Noelle's estimate?
16%
Mrs.Montgomery earns a 6.5% commission on her total sales. Last month, she had sales of $55,780. How much commission did Mrs.Montgomery earn last month?
$3,625.70
Write 9% as a decimal.
0.09
A ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount is called
Percent error
Cassie wants to purchase a pair of binoculars that is on sale for $155.75. The sales tax rate in her county is 7%. How much will Cassie pay in all for the pair of binoculars after sales tax is included? Round to the nearest cent if necessary.
$166.65
There were 110 students at a creative writing workshop last year. This year there are 132 students. What is the percent of increase in the number of students at the workshop?
20%
Find the amount of interest for each description.
Scenario A: Principal: $4,200, rate: 2.5%, time: 3 years
Scenario B: Principal: $2,700, rate: 3.25%, time: 4 years
Scenario C: Principal: $1,950, rate: 3%, time: 4 years
Scenario A: $315
Scenario B: $351
Scenario C: $234
Write 27 out of 100 as a percentage.
27%
The manager of a grocery store buys boxes of cereal from a distributor for $2.80 and sells them to customers for $4.30. Which of the following best describes the amount $2.80?
A. Tax
B. Markup
C. Markdown
D. Wholesale cost
D. Wholesale cost
Scenario A: subtotal: $319.75, tip: $62.55
Scenario B: subtotal: $287.51, tip: $57.50
Scenario C: subtotal: $161.12, tip: $35.45
Scenario B
An outdoor and camping store pays a wholesale price of $27.25 for a fishing rod and sells it for $38.15. What is the percent markup?
40%
Lucia bought some art supplies from an online retailer. The retailer charges a $4.95 shipping fee or 5.75% of the total purchase, whichever is greater. If Lucia's total purchase is $78.99, how much shipping will she pay?
$4.95
What is 70% of 80?
56
The amount paid or earned for the use of money over specified periods of time is called
Interest
A washing machine is on clearance for 40% off. If the sale price of the washing machine is $479.95, what was the original price? Round to the nearest cent if necessary.
The original price of the washing machine was $799.92.
There are 159 counties in the state of Georgia. Lamont estimated that there are about 160 counties in the state. What is the percent error in Lamont's estimate? Round to the nearest tenth percent.
0.6%
Kanica wants to earn at least $750 this week in commission. What is the minimum amount she needs to sell in order to earn $750 if she earns a 7.5% commission on everything she sells? Round your answer to the nearest dollar is necessary.
$10,000
Find the simple interest earned.
Principal = $7230
Annual interest rate = 7%
Time = 4 years
$2,024.40
Drew works for a retail store marking items for sale. The selling price he lists includes the store's cost for the item and which of the following?
A. a tip
B. the markup
C. the sales tax
D. Drew's commission
B. the markup
An electronics store is having an 15% off sale on everything in the store. To the nearest cent, which of the following could represent regular prices and sale prices of items in the store during the sale. Select all that apply.
A. regular price: $31.99, sale price: $27.19
B. regular price: $51.25, sale price: $43.56
C. regular price: $165.80, sale price: $130.93
D. regular price: $515.33, sale price: $438.03
E. regular price: $789.60, sale price: $617.16
A. regular price: $31.99, sale price: $27.19
B. regular price: $51.25, sale price: $43.56
D. regular price: $515.33, sale price: $438.03
The wholesale cost of a dining room table at a furniture store is $1,115.80. The markup for the table is 20%. What is the selling price of the dining room table?
A. $223.16
B. $892.64
C. $1,338.96
D. $1,785.28
C. $1,338.96
Micah's savings account pays a simple annual interest rate of 2.25%. Suppose he deposits $6,000 in the account and makes no additional deposits or withdrawals for 4 years. What will the total value of the account be after 4 years?
$6,540
An item is regularly priced at $80. Alonzo bought it at a discount of 30% off the regular price. How much did Alonzo pay?