Chapter 7 Study Guide Use the percent equation to answer the question. 1. 18 is 30% of what number? 2. What percent of 25 is 7? 3. What number is 21% of 300? 4. Ken correctly answered 27 questions on a science test. He received a score of 75%. How many questions were on the test? 5. Luis makes a 4% commission on his sales in a sporting goods store. For a $70 purchase, how much commission does Luis earn? 6. Jeff is a salesperson in a retail store and earns $95 per week plus 5% of his weekly sales. If Jeff made $680 one week, what were his sales that week? Identify the percent of change as an increase or a decrease. Then find the percent of change. Round your answer to the nearest tenth if necessary. 7. Original: 236 New: 223 8. Original: 32 New: 34 9. Original: 276 New: 296 10. Tell whether the change is an increase or decrease. Then find the percent of change. Round your answer to the nearest tenth if necessary. Original: 91 New: 86.45 Use the given information to find the new amount. 11. Original price: $19.61 Markup percent: 60% 12. Use the given information to find the original price. Retail price: $540 Markup percent: 125% 13. A department store purchases a coat for $60. To sell the coat to customers, the price is increased by 17%. What is the new price of the coat? 14. You have $40.00. You wish to buy a T-shirt costing $14.50 and a pair of jeans costing $23.95. There is a 5% sales tax on clothing. Do you have enough money to pay for both? 15. You have $40.00. You wish to buy a T-shirt costing $14.50 and a pair of jeans costing $23.95. There is a 4% sales tax on clothing. Do you have enough money to pay for both? 16. A man buys 7 shirts at $22.84 each. There is also a 4% sales tax. Find his total bill. Use a calculator. 17. The sales tax rate in a certain state is 8%. Find the total price paid for a pair of shoes that costs $44. Use the simple interest formula to find the unknown quantity. 18. $60 $1600 7.5% ? For an account that earns interest compounded annually, find the balance of the account. 19. 20. Find the simple interest earned on $800 invested at 5.5% for 6 months. Chapter 7 Study Guide Answer Section 1. ANS: 60 PTS: 1 DIF: Level A KEY: percent equation | find the base 2. ANS: 28% REF: MLC20461 BLM: Knowledge TOP: Lesson 7.4 The Percent Equation NOT: 978-0-618-79813-1 PTS: 1 DIF: Level A KEY: percent equation | find the percent 3. ANS: 63 REF: MLC20463 BLM: Knowledge TOP: Lesson 7.4 The Percent Equation NOT: 978-0-618-79813-1 PTS: 1 DIF: Level A KEY: percent equation | find the amount 4. ANS: 36 REF: MLPA0312 BLM: Knowledge TOP: Lesson 7.4 The Percent Equation NOT: 978-0-618-79813-1 PTS: 1 DIF: Level B REF: AXG70506 KEY: word | percent equation | find the base NOT: 978-0-618-79813-1 5. ANS: $2.80 TOP: Lesson 7.4 The Percent Equation BLM: Knowledge PTS: 1 DIF: Level A KEY: word | commission 6. ANS: $11700 REF: MMT30219 BLM: Knowledge TOP: Lesson 7.4 The Percent Equation NOT: 978-0-618-79813-1 PTS: 1 DIF: Level B KEY: word | commission NOT: 978-0-618-79813-1 7. ANS: decrease, 5.5% REF: DJBF0718 TOP: Lesson 7.4 The Percent Equation BLM: Comprehension PTS: 1 DIF: Level A REF: MLPA0318 TOP: Lesson 7.5 Percent of Change KEY: percent of increase | percent of decrease | percent of change BLM: Comprehension NOT: 978-0-618-79813-1 8. ANS: increase, 6.3% PTS: 1 DIF: Level A REF: MLPA0319 TOP: Lesson 7.5 Percent of Change KEY: percent of increase | percent of decrease | percent of change BLM: Comprehension NOT: 978-0-618-79813-1 9. ANS: increase, 7.2% PTS: 1 DIF: Level A REF: MLPA0320 TOP: Lesson 7.5 Percent of Change KEY: percent of increase | percent of decrease | percent of change BLM: Comprehension NOT: 978-0-618-79813-1 10. ANS: decrease, 5% PTS: 1 DIF: Level A REF: MLPA0314 TOP: Lesson 7.5 Percent of Change KEY: percent of increase | percent of decrease | percent of change BLM: Comprehension NOT: 978-0-618-79813-1 11. ANS: $31.38 PTS: 1 DIF: Level B KEY: markup | finding new amount 12. ANS: $240 REF: MLPA0324 BLM: Knowledge TOP: Lesson 7.6 Percent Applications NOT: 978-0-618-79813-1 PTS: 1 DIF: Level B REF: MLPA0327 KEY: markup | retail price | find original price NOT: 978-0-618-79813-1 13. ANS: $70.20 TOP: Lesson 7.6 Percent Applications BLM: Comprehension PTS: 1 DIF: Level B KEY: word | markup | find retail price NOT: 978-0-618-79813-1 14. ANS: No REF: AMPA0062 TOP: Lesson 7.6 Percent Applications BLM: Comprehension PTS: 1 DIF: Level B KEY: word | sales tax NOT: 978-0-618-79813-1 15. ANS: Yes REF: M1AH0026 TOP: Lesson 7.6 Percent Applications BLM: Comprehension PTS: 1 DIF: Level B REF: M1AH0027 NAT: NCTM 6-8.NOP.1.c | NCTM 6-8.PRS.2 | NCTM 6-8.PRS.1 | NCTM 6-8.CON.3 STA: OK.PASS.MTH.02.6-8.1.1 | OK.PASS.MTH.02.6-8.1.2 | OK.PASS.MTH.02.6-8.4.1 | OK.PASS.MTH.02.6-8.5.4 | OK.PASS.MTH.02.8.2.1.b | OK.PASS.MTH.02.8.4.1 TOP: Lesson 7.6 Percent Applications KEY: word | sales tax BLM: Comprehension NOT: 978-0-618-79813-1 16. ANS: $166.28 PTS: 1 DIF: Level B REF: M1AH0030 NAT: NCTM 6-8.CON.3 | NCTM 6-8.NOP.1.c | NCTM 6-8.PRS.1 | NCTM 6-8.PRS.2 STA: OK.PASS.MTH.02.6-8.1.1 | OK.PASS.MTH.02.6-8.1.2 | OK.PASS.MTH.02.6-8.4.1 | OK.PASS.MTH.02.6-8.5.4 | OK.PASS.MTH.02.8.2.1.b | OK.PASS.MTH.02.8.4.1 TOP: Lesson 7.6 Percent Applications KEY: sales tax | total bill | use a calculator BLM: Knowledge 17. ANS: $47.52 NOT: 978-0-618-79813-1 PTS: 1 DIF: Level B KEY: sales tax | total price 18. ANS: 6 months REF: MHA10180 BLM: Knowledge PTS: 1 DIF: Level A REF: MLPA0332 TOP: Lesson 7.7 Simple and Compound Interest BLM: Knowledge NOT: 978-0-618-79813-1 19. ANS: $442.86 PTS: 1 DIF: Level A REF: MLPA0335 TOP: Lesson 7.7 Simple and Compound Interest BLM: Knowledge NOT: 978-0-618-79813-1 20. ANS: $22 PTS: 1 DIF: Level A REF: MLC20912 TOP: Lesson 7.7 Simple and Compound Interest BLM: Knowledge NOT: 978-0-618-79813-1 TOP: Lesson 7.6 Percent Applications NOT: 978-0-618-79813-1 KEY: simple interest KEY: compound interest KEY: simple interest