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Name:<br />
<strong>Percents</strong><br />
Date:<br />
Math 7 – HW<br />
Formula:<br />
%( as decimal ) Whole<br />
<br />
Part<br />
Proportion:<br />
part %<br />
<br />
whole 100%<br />
change<br />
original<br />
%<br />
<br />
100%<br />
When working with real world money problems:<br />
The following are all types of “parts”; tax, tip, discount, commission, interest.<br />
To find the total cost, sale price or retail price; you must add or subtract original price with the part.<br />
Multiple Choice: *No Calculator*<br />
1) A store spends $10 for each pair of Brand X<br />
jeans and adds a 120% markup to the cost.<br />
What is the selling price of the jeans?<br />
A. $11.20<br />
B. $12.00<br />
C. $22.00<br />
D. $130.00<br />
2) The price of a book is $6.00 and the sales tax is<br />
5%. What is the total cost of the book?<br />
A. $0.30<br />
B. $5.70<br />
C. $6.05<br />
D. $6.30<br />
3) Tyler bought three shirts for $10.00 each. A<br />
5% shipping and handling fee was added to the<br />
cost of the shirts. How much did he pay?<br />
A. $10.00<br />
B. $10.50<br />
C. $30.00<br />
D. $31.50<br />
5) Which expression cannot be used to calculate<br />
the total amount paid for a meal (m) including<br />
a 15% tip?<br />
A.<br />
B.<br />
C.<br />
D.<br />
4) Kaitlin bought 4 pairs of shoes that cost $24<br />
each. If the tax rate was 8%, how much did<br />
she pay?<br />
A. $103.68<br />
B. $96.00<br />
C. $25.92<br />
D. $7.68<br />
6) Elena gets a base pay of $1,500 per month.<br />
She also earns a commission of 8% of the total<br />
sales she makes. What are Elena’s earnings for<br />
a month in which she has a sales of $32,000?<br />
A. $1,620<br />
B. $2,560<br />
C. $4,060<br />
D. $27,100<br />
7) On Thursday, 30 students went to after-school<br />
tutoring. On Friday, 6 students went. What is<br />
the percent decrease in the number of students?<br />
A. 20%<br />
B. 80%<br />
C. 400%<br />
D. 500%<br />
8) Mr. Kross usually prices the umbrellas in his<br />
store at $8 each. However, on rainy days he<br />
increases the price by 75%. How much does<br />
he charge for an umbrella on a rainy day?<br />
A. $2<br />
B. $6<br />
C. $9.38<br />
D. $14
9) Joshua borrows $300 from his older sister to buy a bike. He promises to pay the total amount back<br />
plus 5% simple interest in 2 years. How much will Joshua pay back in all?<br />
10) The Outdoor Furniture Center buys wooden benches for $50 each. The furniture store owner adds a<br />
200% markup to the cost of the bench. After hearing from customers that the selling cost of the<br />
bench is too high, the owner changes the markup to 120%. How much less per bench does the store<br />
owner make with the lower markup?<br />
11) The owner of the Outdoor Furniture Center decides to use the 120% markup. At the end of the<br />
season, he wants to sell al the benches that are in stock. He sells the benches for 20% off. What is<br />
the total price of a bench with this discount plus a 5% sales tax?<br />
12) A manufacturer predicted customers would return fewer than 2% of the computers purchased each<br />
month. In July, customers purchased 1,500 computers from the company. Of those computers, 45<br />
were returned. Based on the number of computers returned that month, what the manufactuer’s<br />
prediction correct?