Vocabulary
An amount of money charged by a government on items that people buy.
Sales Tax
Convert the decimal to a percent:
0.50 = ________
50%
What is 10% of $50?
$5
If the sales tax in New York is 10%, then how much sales tax would you pay in Albany, NY, for a $34 souvenir?
$34 * 10% =
$3.40 tax
The store is having a 20% off sale on all CD's. A One Direction CD costs $12. How much is the discount for the CD?
$2.40 discount
A small amount by which the regular price of an item is increased to express appreciation.
Tip / Gratuity
Convert the percent to a decimal:
75% = ________
0.75
What is 50% of $100?
$50
You go to NYC to see the Statue of Liberty. You take an Uber while you are there. The Uber costs $15.40 and you want to give him a 17% gratuity. How much money will the Uber driver receive in gratuity?
$15.40 * 17% = $2.618
= $2.62 gratuity
Liviella bought a birthday gift online for $15. There was a 20% shipping fee. What was the cost of the shipping?
$3.00 shipping
The amount by which the price of an item is increased above the price the store paid for the item.
Markup
Convert the percent to a decimal:
8.25% = ________
0.0825
What is 10% of $70?
$7
You go to eat at Applebees with your family. Your bill comes to $44.59. Your father leaves the waitress a. 18% tip. How much did your father leave for a tip?
$44.59 * 18% =
$8.03 tip
Marshalls is having a re-opening sale. Every piece of clothing in the store is marked down 15%. What is the sale price of a hoodie that has a regular price of $23?
$23 * 15% =
$19.55 total
The amount of money charged after tax or tip is added.
Total Price
Convert the decimal to a percent:
0.04 = ________
4%
What is 40% of $70?
$28
Brayden owns a shoe store. He marks up each pair of shoes by 20%. If Brayden bought a pair of shoes for $160, how much would those shoes sell in his store?
$160 * 20% = $32 markup
$160 + $32 =
$192 sale price
Maddy went shopping on Black Friday. She wanted to buy a new air fryer for her mother. The air fryer costs $150 but is on sale for 35% off. How much will the discount be?
$52.50
The amount of money a sales person earns beyond his base pay for selling a product.
Commission
Convert the decimal to a percent:
0.325 = ________
32.5%
What is 5% of $70?
$3.50
Eli wants to buy a new coat that costs $33.50. The sales tax rate is 8.25%. How much tax will Eli pay for the coat? What will the total cost of the coat be?
$33.50 * 8.25% = $2.76 tax
$33.50 + $2.76 = $36.26 total
Jacob wanted to purchase a new video game for his Xbox. The game cost was originally $65, but it was on sale for 30% off. What is the sales price of the video game that Anthony bought?
$65 * 30% = $19.50 discount
$65 - 19.50 =
$45.50 total after discount