Discounts, Profit and GST | Baamboozle - Baamboozle

What is the formula for percentage profit?

Profit/Cost Price x 100

He has worked 10 hours at the normal rate, 3 hours at time-and-a-half and 2 hours at double time. How much did Scott earn from working at a normal rate of $15/hr in one week?

$277.50

You have sold a table for $1050, which you previously bought for $700. What is the percentage profit?

50%

Discount vs Tax

Discount reduces price whereas Tax is added to the price.

Daniel has dinner at a restaurant and the cost of his meal is $28.00. Because of the service, he wants to leave a 20% tip. What is his total bill including tip?

$33.60

Discount is ____________ from the price.

Subtracted

Goods & Services Tax (GST) is _________ to the cost of the item.

Added

Commission is a _________ of goods sold.

Percentage

Find the tip amount on a $20 lunch if you leave a 20% tip.

$4

John is going camping and needs to buy a tent. The outdoor store has one that costs $90 and it is on sale for 25% off. What is the sale price of the tent?

$67.5

Tabitha wants to leave a 15% tip for the lady who does her nails. Her subtotal is $100. What is the total amount Tabitha will pay at the nail salon?

$115

Find the price of concert tickets for $120.00 with a discount of 21%

$79.00

Find price of a CD for $17 with a discount of 50%

$8.50

Find the price of a book for $90 with GST added on.

$92.7

Arrange or organize the following letters to form ONE word and state the meaning of the word. O, C, T, D, S, U, N, I

DISCOUNT = reduces the original price.

Find the missing letters to complete the word. _I_C_U_T

D, S, O, N and the word is DISCOUNT

Your food bill at a restaurant was $23.50. You leave a 10% tip. What is the total cost of your meal?

$25.85