Lesson 6 Tax Tip Markup Review

8 Questions | Total Attempts: 87

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Tax Quizzes & Trivia

Questions and Answers
  • 1. 
    Dave buys a baseball for $15 plus an 8% tax. Mel buys a football for $20 plus and 8% tax. Enter the difference, in dollars, of the amounts Dave and Mel pay, including tax. Round your answer to the nearest cent.
  • 2. 
    A store owner paid $15 for a book. The store owner marked up the book by 40% for its selling price. WHat was the selling price of the book?Answer must have a symbol and cents. 
  • 3. 
    Doreen is buying a new pair of sunglasses. They cost $68 plus 7% sales tax. How can Doreen calculate the total cost of the sunglasses?Choose ALL that apply!
    • A. 

      Divide $68 by .07

    • B. 

      Divide $68 by 1.07

    • C. 

      Multiply $68 by .07

    • D. 

      Multiply $68 by 1.07

    • E. 

      Solve for x: x = 107 68 100

    • F. 

      Solve for x: x = 7 68 100

  • 4. 
    What is the total cost of a sweatshirt if the regular price is $42 and the sales tax is 5.5%?
  • 5. 
    A customer wants to tip 15% on a restaurant bill that is $35. What is the total bill with tip?
  • 6. 
    A haircut costs $20. Sales tax is 4.75%. Is $25 sufficient to cover the haircut with tax and a 15% tip?
    • A. 

      Yes

    • B. 

      No

  • 7. 
    A store pays $10 for a bracelet, and the markup is 115%. A customer will also pay a 5.5% tax. What will be the total cost of the bracelet to the nearest cent?Make sure you have something in your answer :) !!! 
  • 8. 
    Ms. Taylor bought a water tube to pull behind her boat. THe tube cost $87 and 9% tax was added to the price. She gave the cashier five $20 bills. How much change should she have received?
    • A. 

      $4.83

    • B. 

      $5.17

    • C. 

      $94.83

    • D. 

      $117.00

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