% Increase/Decrease
Tax/Tip
Intrest/Percent Change
Commission
Definitions
100
What is the one difference in solving a percent increase problem compared to decrease
Increase = addition
Decrease = subtraction
100
A tax rate is set by who and is always in the form of what.
It is set by the city government and is always a percentage.
Example: Waterloo, Iowa has a sales tax percentage of 7%
100
What is the equation for simple intrest?
I = Prt
100
How many steps does it take to solve commission?
1 step
100
Explain what markup and markdown is.
Markup- Price increases on an item.
Markdown- Price decreases on an item.
200
A juice company claims their new bottles hold 25% more juice than before. Originally, the bottles held 32 ounces of juice. How many ounces of juice do the bottles hold now?
40 ounces of juice.
200
The tax rate for a city is 8%. Write an equation in the form y=kx for the following...
1. Just to find the tax
2. To find the total
1. y=.08x
2. y=1.08x
200
Mr. Goranson has to pay repay his car loan at a rate of 8.5% per year over 4 years.
If his car loan was $12,000, what is the total amount of intrest he will have to pay?
$4,080
200
A Ford dealership sells a new 2025 F-150 for $37,450.
The salesman who sold it receives a 25% commission. How much will they make in commission?
$9,362.50
200
To change a percentage to a decimal how many times and in which direction do you move the decimal point?
Two times to the left.
300
A furniture store increases the price of a table by 40%. Originally, the table cost $250. What is the new price of the table?
$350
300
The total after tax is $55.60.
You want to leave a 25% tip. How much will you leave?
$13.90
300
Mr. Goranson opens up an emergency savings account. His initial deposit is $500. The savings account will pay him .38% simple interest per year. How much will his account grow in interest after 20 years (assuming no additional money is deposited into the account and interest stays the same) .
$538
300
A salesman named Bob sells a 2025 Chrysler Pacifica for $42,450 and earns a 20% commission.
If he sold a total of 3 in a month how much did he make that month in commission alone.
$25,470
300
To change a decimal to a percentage how many times and in which direction do you move the decimal point?
Two times to the right
400
A jacket originally cost $80, but it is now on sale for 35% off. What is the sale price of the jacket?
$52
400
Here is a receipt from a steakhouse restaurant. Calculate the total if the sales tax was 7.2% and you left a 20% tip.
Porterhouse Steak - $65.99
Roasted Brussels Sprouts - $7.99
Blackberry Lemonade - $4.99
Subtotal: $78.97
$101.59
400
Find the percent change
1) 40%
2) 50%
3) 40%
400
A 2025 Jeep Wrangler is $32,095. At this Jeep dealership salesmen receive a 12% commission.
Salesman 1 sells it at full price.
Salesman 2 sells it at a 20% discount.
How much money did salesman 2 lose out on.
Salesman 2 lost out on $770.28 by offering a discount.
400
Match up the words to the following definitions
1. The percentage of a retail price of a good or service paid to the government.
2. A percentage of a total sale amount that a salesperson earns as payment for selling a product or service
1. Tax
2. Commission
500
A car dealership increases the price of a car by 15%, then later offers a 10% discount on the new price. If the original price of the car was $20,000, what is the final price after both changes?
$20,700
500
Your subtotal at Buffalo Wild Wings is $24
Your tax added is 8.5%
You have a coupon that takes 25% off of your total before tip.
How much would your total be after leaving a 15% tip.
$22.46
500
Mr. Goranson took out a $245,000 loan to buy a house. His rate was 7.2% and he paid $598,691.20 total by the end of the loan term. How many years was his loan for?
30 years
500
A fitness center sells gym memberships where the center keeps $70 per membership, and the employee who sells it earns a $15 commission.
- What percentage of the total membership cost does the employee earn as commission?
- If an employee sells a premium membership for $200, how much commission do they earn?
- If the employee sells 4 regular memberships and 3 premium memberships in one week, what is their total commission for the week?
1. 17.6%
2. $35.20
3. $165.60
500
Match up the words to the following definitions
1. A fee paid for borrowing money.
2. An additional amount of money calculated as a percentage of a total cost, typically given to someone providing a service.
1. Intrest
2. Tip/Gratuity