7.RP.3 Flashcard 1

Markup is the amount added to the cost price of goods to cover overhead and profit.

Selling Price = Original Price + (Markup Percentage × Original Price)

Percentage of a number = (Percentage/100) × Number

Percent means 'per hundred' and is a way to express a number as a fraction of 100.

Percent Increase = [(New Value - Old Value) / Old Value] × 100

Percent Change = [(New Value - Old Value) / Old Value] × 100

You need to raise $150.

The original price is $50.

To find the percent of a total, divide the part by the whole and multiply by 100.

The percent increase is 41%.