It is the amount added or charged by banks or legal lending companies to an amount of money deposited or borrowed., interest, It is the amount of money deposited or borrowed., principal, It is the year or duration a money is deposited or borrowed., time, The amount of money deducted or reduced from the original price., discount, It is the amount attached to the item sold or in stores and outlets., selling prize, It is the amount received by the sales person as a reward or incentive for selling goods or products, commission, It is an increase in price usually applied to tuition fees, professional fees, additional fees charged by establishments, marked price, Give the formula for "Discount", Discount = Original Price - Sale price, Give the formula or "Discount Rate", Discount Rate= Discount/ Original Price x 100, Give the formula for " Original Prize", Original Prize= Sale Price + Discount, Give the formula for "Sale Prize", Sale Prize= Original Price- Discount, Give the formula for " Commission", Commission= Sale amount x Commission rate, Give the formula for "Markup", Markup= Original Price x Rate of markup, Give the formula for " Interest", Interest = Principal x Rate x Time, Give the formula for "Principal", Principal= interest/ rate x time, Lia bought a photocard for ₱ 50 each and resell it. She added a 15% markup. How much did she sell the photocard?, 50 x .15 = 7.50. Selling prize is 57.50, A pants marked ₱ 1 700 is sold for 20% off. How much is the discount?, 1,700 x 0.20 = PhP340, Toni would like to buy a an i-phone worth ₱ 54 000. It is now on sale at 25% off. How much, 54,000 x 0.25 = 13,500; Amount to pay is 40, 500, A real estate agent sold a condo unit worth ₱4,800,000. The agency gives a 5% commission or every unit sold. How much commission will the agent get for every condo unit sold?, 4,800,00 x 0.05= 240,000, Mikey borrowed ₱18,000 from a lending company at 6% simple interest per year. If she plans to pay it back after a year, how much interest will she have to pay?, 18,000 x 0.06 x 1 = 1,080, Mother bought an electric stove with a marked price of ₱ 3 500. At the cashier she only pay ₱ 2 625. What percent of discount did she get?, 3,500- 2,625= 875' 875/ 3,500= 0.25; the discount is 25%, Kalia owns a small online clothing shop. She buys trendy T-shirts from a supplier for ₱180 each. To earn profit, she adds a 35% markup on the cost price. Tricia bought a shirt. How much will she pay for it?, 180 x .35 = 63; selling prize= Php243, A television set with a marked price of ₱ 32 000 is now on sale at 15% off. If Nellie will buy it, how much will she pay for it?, 32,000 x .15= 4,800, amount to pay= 27,200, A pair of rubber shoes is marked 20% off. if the discount is ₱ 1 300, what is the original price?, 1,300 / 0.20= 6,500, A certain bank offered an interest of 4% per annum. If Kitty deposited ₱ 35 000, how much interest will she get after a year?, 35,000 x .04= 1,400

Math_1_3rd Q Test_ Common Problems

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