Discount
The price a store sells an item for after a discount.
Sale Price
The cost a store pays to get an item before marking it up and selling it.
Wholesale Price
The standard sales tax percentage used in this class.
9.4%
The formula used to calculate simple interest.
I = Prt
Which one of Mr. Osborne's dogs recently had to wear a cone?
Cooper
A $20 soccer ball is discounted 15%. What is the discount AND the sale price?
Use Retail Price - Discount = Sale Price
Discount = $3
Sale Price = $17
A $20 hat is marked up 500%. What is the markup AND the retail price?
Use Wholesale Price + Markup = Retail Price
Markup = $100
Retail Price = $120
You purchase $50 of items from Amazon. The sales tax is 9.4%. What is the sales tax AND the total price?
Use Retail Price + Sales Tax = Total
Sales Tax = $4.70
Total = $54.70
If you deposit $200 at an annual interest rate of 5% for 3 years,
how much simple interest will you earn?
Use the formula I = Prt
Interest = $30
Which fast food restaurant did Mr. Osborne work at in High School?
In-N-Out Burger
A $40 sweatshirt is discounted 20%. What is the discount AND the sale price?
Use Retail Price - Discount = Sale Price
Discount = $8
Sale Price = $32
A $20 backpack is marked up 700%. What is the markup AND the retail price?
Use Wholesale Price + Markup = Retail Price
Markup = $140
Retail Price = $160
You purchase $84 of items from Smart&Final. The sales tax is 9.4%. What is the sales tax AND the total price?
Use Retail Price + Sales Tax = Total
Sales Tax = $7.90
Total = $91.90
If you deposit $500 at an annual interest rate of 4% for 6 years,
how much simple interest will you earn?
Use the formula I = Prt
Interest = $120
In equations like I=Prt, the letters are known as...
Variables
A $50 lamp is discounted 35%. What is the discount AND the sale price?
Use Retail Price - Discount = Sale Price
Discount = $17.50
Sale Price = $32.50
A $60 jacket is marked up 125%. What is the markup AND the retail price?
Use Wholesale Price + Markup = Retail Price
Markup = $75
Retail Price = $135
You purchase $137 of items from Target. The sales tax is 9.4%. What is the sales tax AND the total price?
Use Retail Price + Sales Tax = Total
Sales Tax = $12.88
Total = $149.88
If you deposit $750 at an annual interest rate of 6% for 4 years,
what is the total amount of money you will have?
Use the formula I = Prt
(Remember: Total = Principal + Interest)
Interest = $180
Total = $930
The shortened name of a stock. For example, Apple Inc. is shortened to AAPL.
Symbol
A $120 sweatshirt is discounted 33%. What is the discount AND the sale price?
Use Retail Price - Discount = Sale Price
Discount = $39.60
Sale Price = $80.4
A $180 hat is marked up 340%. What is the markup AND the retail price?
Use Wholesale Price + Markup = Retail Price
Markup = $612
Retail Price = $792
You purchase $289 of items from Costco. The sales tax is 9.4%. What is the sales tax AND the total price?
Use Retail Price + Sales Tax = Total
Sales Tax = $27.17
Total = $316.17
If you deposit $1,200 at an annual interest rate of 3.5% for 8 years,
what is the total amount of money you will have?
Use the formula I = Prt
(Remember: Total = Principal + Interest)
Interest = $336
Total = $1,536
Money paid to the government that is held for a period, then returned to the investor with a high interest rate paid.
Bonds