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Sales Tax, Tips, Markup, Discounts, Answer Key

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Sales Tax & Tips
#1

$99 CD player; 5 % tax. What is the total?

$103.95

#2 A trampoline costs $220 and the sale tax is 6.25%. What is the total cost? $233.75
#3 Ty wants to buy exercise equipment that costs $140 and the sales tax is 5.75%. What is the total cost of the equipment? $148.05
#4 A customer wants to tip 15% on a restaurant bill that is $35. What will be the total bill with tip? $40.25
#5 A haircut costs $20. Sales tax is 4.75%. Is $25 sufficient to cover the haircut with tax and a 15% tip? Yes, the cost would be $23.95.
Markup
#1 Find the selling price of a $270 bicycle with a 24% markup. $334.80
#2 $18.99 CD; 6% markup $20.13
#3 What is the selling price of a pair of $40 skates with a 30% markup? $52
#4 A pair of shoes cost $24.95 wholesale. The store is going to mark them up 45%. What will they sell the shoes for? $36.18
#5 The Leather Depot buys a coat from a supplier for $90 wholesale and marks it up by 40%. If the retail price is $134.82 what is the sales tax? 7%
Discount
#1 $64 jacket; 20% discount. Find the sale price. $51.20
#2 $7.50 admission; 20% off. Find the sale price. $6.00
#3 A shirt cost $45.50. It is on sale 30% off. If buy it today, you get an additional 20% off. What is the sale price? $25.48
#4 Carmen paid $10.50 for a T-shirt at the mall. It was on sale for 30% off. What was the original price? $15
#5 A chair that costs $210 was reduced by 40%. After the sale, the sale price was increased by 40%. What is the price of the chair? $176.40
Simple Interest
#1 $640, 3%, 2 years $38.40
#2 $4,500, 9%, 3.5 years $1,417.50
#3 Abbie invests $590. Her account pays 7.2% simple interest. If she does not add or take out any money how much interest will her account earn in 4 years? $169.92
#4 $725, 6.25%, 36 months $135.94
#5 $175.80, 12%, 8 months $14.06
Percent Problems
#1 What percent of 60 is 15? 25%
#2 84 is 60% of what number? 140
#3 Find the percent of change to the nearest whole percent: $240 to $320. 33%
#4 Find the percent of error: Mr. Jones estimates he will spend $120 at the grocery store. He actually spends $94. 28%
#5 A new radio is prices at $30. The store has a end-of-the-year sale. All items in the store are discounted 40%. The sale tax is 7%. What is the total sale price? $19.26
Final Question
A book costs $12.99 and a video game costs $39.99. Rounded to the nearest cent, how much more is the tax on the game than the book. Tax is 8%, $2.16