Discounts and Markups
Sales Tax & Tips
Simple Interest
Vocabulary
100
Jillian bought a $200.00 softball bat when it was on sale for 15% off. What was the sale price?
$170
100

Mrs. Boothe bought a new table for her dining room.  The cost of the table was $750.  If sales tax in her city is 10%, how much sales tax will she pay on this purchase?

$75

100
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
100
The amount an item is reduced from its original price.
Markdown or discount
200
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?
200
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?
200
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
200
This percent describes how close an approximate value is from the actual value
Percent Error
300
A department store bought a stereo for $350 wholesale and marks it up 20% . What will the retail cost be?
$420.00?
300
Frames-To-Go charges $60.50 for framing and 8% sales tax. What would the total for the framing cost be?
$65.34
300
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
300
An amount of money paid to a salesperson based on their total sales; like for selling a car or a house.
commission
400
A skate shop buys skateboards wholesale for a price of $58. They markup the price 30%. What will the amount of mark-up be?
$17.40
400
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
400
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
400
The two additional charges added on to your bill at a restaurant.
Sales tax and tip
500
Ryan paid $64.00 for a game that was marked "20% off". What was the original price ?
$80
500
Nikole got $30 tip from her table. If the total bill was $150, what percent tip did the table leave her?
20%
500
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
500
The starting amount in a bank account or loan.
principal