Question 1

What is a discount?

Accepted Answer

A reduction in price

Answer

An increase in price

Answer

A price that changes daily

Answer

A fixed price

Question 2

If an item cost $100 and there is a 20% discount, what is the new price?

Accepted Answer

Eighty

Question 3

What is tax?

Accepted Answer

A percentage added to a purchase

Answer

A percentage subtracted from a purchase

Answer

A fixed fee added to a purchase

Answer

A fee that changes daily

Question 4

If an item cost $50 and there is a 8% tax, what is the new price?

Accepted Answer

$54

Answer

$58

Answer

$46

Answer

$48

Question 5

What is a subtotal?

Accepted Answer

The total cost before tax and discounts

Answer

The cost of the discount only

Answer

The cost of the tax only

Answer

The total cost after tax and discounts

Question 6

If a shirt costs $25 and there is a 15% discount, what is the subtotal?

Accepted Answer

$21.25

Answer

$26.25

Answer

$23.75

Answer

$18.75

Question 7

If the subtotal of a purchase is $100 and there is a 10% tax, what is the total cost?

Accepted Answer

$110

Answer

$90

Answer

$120

Answer

$105

Question 8

If an item costs $60 and there is a 25% discount and a 8% tax, what is the total cost?

Accepted Answer

Answer

&#36;45.0

Answer

&#36;51.00

Answer

$43.50

Question 9

What is the formula for finding the discounted price of an item?

Accepted Answer

Original price - (Original price x Discount percentage)

Answer

Original price x (1 + Discount percentage)

Answer

Original price - (Original price / Discount percentage)

Answer

Original price + (Original price x Discount percentage)

Question 10

What is the formula for finding the total cost of a purchase with tax?

Accepted Answer

Subtotal + (Subtotal x Tax percentage)

Answer

Subtotal - (Subtotal x Tax percentage)

Answer

Subtotal + (Subtotal / Tax percentage)

Answer

Subtotal x (1 + Tax percentage)

Question 11

Put these tax rates in order from smallest to largest

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