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Tax, Tip, Markup
Discount
Simple Interest
Commission and Fees
Vocabulary
100

This is the amount of tax Joe will pay for a $15 shirt with 6% tax.

What is $0.90?

100
The amount of discount on a $30 item with a 25% discount.
What is $7.50
100
You deposit $500 into an account that earns 6% simple annual interest. What will the account’s balance be after 2 years?
What is $560
100

Jesse makes a 6% commission on every sale he makes. If he sold $875 worth of items this week, how much will he make in commission?

What is $52.50

100

a percent that is given or paid in addition to the price of a service.

What is a tip?

200
Total cost for a $110 dinner with 25% tip!
What is $137.50?
200
The amount of discount when Mike bought a $990 computer with a 30% discount.
What is $297
200

Kevin is going to open a savings account with $4000. The bank offers an account that will pay 6% simple interest for 6 years. How much money will Kevin have after 6 years?

What is $1,440

200

Brad is a phone sales specialist who makes $33,000 per year plus an $8 fee for each sale he makes. If Brad makes 15 sales per week, what are  his annual earnings?  

$39,240

200

a percent that is added to the price of goods or services

What is sales tax?

300

This is the total cost of a baseball bat priced at $110 with 6.5% tax.

What is $117.15

300
This is the sale price for an item regularly $65 with a 15% discount.
What is $55.25
300

Edgar takes out a loan of $5540 to be repaid over 7 years at 8.5% simple interest. How much interest will Edgar have to repay on the loan?

$8,836.30

300

A literary agent makes $30,000 a year plus 13% commission on the sales of her clients’ books to publishers. The agent sold 4 books for $175,000 each for her clients this year. Find her total earnings.    

$121,000

300

the amount an item is sold for after a company adds the markup

What is retail price?

400

The wholesale price of the skateboard was $70. The markup of the skateboard is 125%. What is the new price?

$157.50

400
This is the final price for an item costing $85.50 with a 20% discount.
What is $68.40
400
What is the amount of money deposited or borrowed called?
What is principal?
400

A stockbroker earns $53000 annually plus 0.8% of his clients’ total investment portfolios. If his clients’ investments total $1.2 million, what is his commission this year?

$9,600

400

a fee a person earns for sales or services

What is commission?

500

A store pays $120 for a bicycle. The markup is 65%. What is the retail price the store is selling the bicycle for?

What is $198

500

What is the retail price on an item that was $68 and is now 40% off?

What is $40.80

500
Jake received a student loan for $12,000. He plans on paying off the loan in 5 years. At the end of 5 years, Jake will have paid $3600 in interest. What is the simple interest rate on the student loan?
What is 6%.
500

Tonio works for a website that sells theater tickets and receives a base salary of $18,200 per year. He earns a commission of 2.3% for all ticket sales, which average $15,500 per week. He also gets a “viewed” fee of 3 cents each time someone comes to the website, whether or not any tickets are purchased. The number of visitors to the website averages 12,400 per month. What are Tonio’s total earnings for the year?

What is $41,202?

500

a fixed percent of the principal

What is simple interest?