Markup
A jacket originally costs $100. If the store marks up the price by 20%, what is the new price?
$120
How do you calculate a 20% tip on a meal that costs $50?
$50 * .2 = $10
A credit score went from 620 to 690. What is the percent change in the credit score?
+11%
You are buying 6 apples for $4.50. What is the unit price per apple?
75c
What country is Mr. A going to this summer?
Ireland!
A car's wholesale price is $12,000, and the markup is 25%. What is the retail price?
$15,000
If the bill is $82.50 and you want to leave a 15% tip, how much will the tip be?
$94.875 which is $94.88 (round the pennies)
What can make your credit score decrease? What about increase?
Answers vary; simplest answer is missing payments will make your credit score decrease, having all your cards paid off will increase your credit score.
What's one marketing tactic businesses use to deceive consumers?
Answers vary, most simple answer is using fine print to try and hide key legal information they are required to tell consumers.
What's Mr. A's favorite show of all time? If you need a hint, just know Mr. A isn't superstitious, but he is a little stitious.
The Office!
An item is marked up from $20 to $25. What is the percent markup?
25%
You have a bill for $130. You want to leave a 20% tip, but you're splitting the bill with three friends. How much does each person pay?
$130 * 20% = $26 (tip)
$130 + $26 = $156 (total price)
$156 / 3 = $52 (Individual price)
If someone’s credit score increases from 650 to 700, what is the percent increase?
7.69%
If an item costs $50 and the sales tax rate is 7%, what is the total cost of the item?
$50 * .07 =$3.5 sales tax
$50 + $3.5 = $53.5 total cost of item
If Mr. A wasn't becoming a teacher, what career path would have most likely pursued? (be realistic, cause the answer would obviously be a quarterback)
Something in finance, probably a financial advisor or maybe personal accountant.
If an item costs $40 and the retail price after markup is $50, what is the markup percentage?
If you get a bill for $70 and the tip is $14, what percentage was the tip?
14 / 70 = .2
So, the tip was 20%
If somes credit score goes from 700 to 610, what is the percent change?
-12.86%
You see a package of 12 pencils for $3.60 and a pack of 10 pencils for $2.00. Which pack offers the better unit price?
3.6 / 12 = 30c
2 / 10 = 20c
So, the 10 for $2.00 is the better deal
How many times has Mr. A broken his phone?
4 times......
What is the formula to calculate price markup in percent?
New Selling Price = Original Price + (Original Price * Markup percentage)
The bill of a restaurant was $219. If you split the bill 5 ways, and leave a 20% tip, how much will each person tip?
$8.76
What is the formula to calculate percent change?
% Change = [ (New Amount - Old Amount) / Old Amount ] * 100
Say if the following are true or false:
1. Sales tax is the same everywhere you go
2. Unit price is found by diving the number of units sold by the total price
3. Marketing tactics in commercials are easy to spot 100% of the time
4. The more expensive an item, the higher the sales tax
5. The more expensive at item, the higher the unit price
F
F
F
T
F; Not necessarily true
Who is Mr. A's favorite student
He doesn't have one