Ch. 7 Percent and Consumer Applications
7th grade math terms-might be useful for standardized testing review
Terms in this set (48)
a ratio or comparison a quantity to 100
Rename the ratio as a percent: 9/20
9/20 and .45
In Nina's collection of half dollars, 25% are Walking Liberty, 30% are Benjamin Franklin, and the rest are Kennedy half dollars. What fraction and what decimal represent the percent that are Kennedy half dollars?
Write as a percent: 0.003
7.5 and 7 1/2
Write as a decimal and as a fraction in simplest form: 750%
the part in a percent proportion
the whole quantity in a percent proportion
the other ratio where the whole is 100
.18 or 9/50
Rename the percent as a decimal or fraction: 40% of 45
What percent of 200 is 11?
Solve for b: 50% of b is 11.5
amount of increase/original amount
amount of change/original amount
the original amount spent for an item
the money gained when an item is sold above the cost
the amount for which an item is sold
Find the percent increase: from 12 to 15
Find the profit to the nearest cent: Cost-$48.60; Percent profit-25%
amount of decrease/original amount
Find the percent decrease: from $5 to $4
the amount of tax added to the marked price of an item by a state or local government
the listed price for an item
sales tax rate
the ratio of the amount of sales tax to the marked price expressed as a percent
the sum of an item's marked price and the amount of sales tax
A calculator is priced at $29.95 with a sales tax of 6%. What is the amount of sales tax to the nearest cent? What is the total cost?
the amount by which the regular price of an item is reduced
the regular price for an item
the percent decrease in the list price
the difference between its list price and the amount of discount
A store sells game tables for $188 each. This week, every game table has a 25% discount. What is the sale price of each game table?
the lower price that stores pay for the items
the difference between the wholesale price and the list price
the percent increase in the wholesale price
A store buys golf umbrellas for $40 each and sells them for $56. What is the markup rate?
the amount of money earned for selling goods or services
the percent of the total amount of goods or services sold that is earned by the seller
the total amount of goods or services sold
A salesperson sells a computer system listed at $1500. If his rate of commission is 7%, how much commission does he earn on the sale?
the amount of money borrowed or deposited
the amount earned or paid in exchange for the use of money
interest earned or paid only on the principal for a stated period of time
rate of interest
the percent of interest earned or paid
represents who long in years the principal is borrowed or left on deposit
simple interest formula
principal x rate x time
Mr. Floyd borrowed $2500 from his brother to be paid back in 3 years. He agreed to repay the money with interest at a rate of 5.5% per year. How much interest will Mr. Floyd pay at the end of the 3 years? What is the total amount or balance due at the end of the 3 years?
the interest paid on the principal and on the interest accumulated to date
the sum of the principal plus the interest earned
Ms. Johnson deposits $12,000 in a savings bank account that pays interest quarterly. The annual interest rate paid by the bank is 6%. How much money will she have in the bank at the end of 1 year?