Sales Tax, Tips And Markup Test Quiz!

Approved & Edited by ProProfs Editorial Team
The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.
Learn about Our Editorial Process
| By Amy Phillips
A
Amy Phillips
Community Contributor
Quizzes Created: 5 | Total Attempts: 1,406
Questions: 10 | Attempts: 335

SettingsSettingsSettings
Sales Tax, Tips And Markup Test Quiz! - Quiz

.


Questions and Answers
  • 1. 

    Inez wants to buy a skateboard but she does not know if she has enough money. The price of the skateboard is $80 and the sales tax is 7%. What will be the total cost of the skateboard? 

    Explanation
    1. 100 + 7 = 107% or 1.07
    2. 1.07 (80) = $85.60

    Rate this question:

  • 2. 

    Josiah went to the local barber to get his hair cut. It cost $18 for the haircut. Josiah tipped the barber 15%. What was the total cost of the haircut including the tip? 

    Explanation
    1. 100 + 15 = 115% or 1.15
    2. 1.15 (18) = $20.70

    Rate this question:

  • 3. 

    Madeline took 3 friends out for dinner. The cost of the meals was $46.50. She left a 20% tip. What was the total cost including the tip? 

    Explanation
    1. 100 + 20 = 120% or 1.20
    2. 1.20 (46.50) = $55.80

    Rate this question:

  • 4. 

    Andrea ordered a computer on the Internet. The computer cost $1,399 plus 6 1/2% sales tax. What was the total amount Andrea paid for her computer?

    Explanation
    1. 100 + 6.5 = 106.5% or 1.065
    2. 1.065 (1399) = $1,489.94

    Rate this question:

  • 5. 

    Ivan bought these two magazines that cost $4.95 each. If the sales tax was 6.75%, what was the total amount that he paid for the magazines? 

    Explanation
    1. 100 + 6.75 = 106.75% or 1.0675
    2. 1.0675 (9.90) = $10.57

    Rate this question:

  • 6. 

    CATERED DINNER The Striton family had a meal catered for a wedding rehearsal dinner. The cost of the dinner was $476. There was a 5% sales tax and they left a 15% tip. What was the total cost including the sales tax and the tip? 

    Explanation
    1. 100 + 15 + 5 = 120% or 1.20
    2. 1.20 (476) = $571.20

    Rate this question:

  • 7. 

    Sales tax makes the cost of the item go  ___________________.

    • A.

      Up

    • B.

      Down

    • C.

      Stay the same

    Correct Answer
    A. Up
    Explanation
    Sales tax is an additional amount of money that is added to the cost of an item at the time of purchase. This means that the cost of the item increases or goes up when sales tax is applied. Therefore, the correct answer is "up".

    Rate this question:

  • 8. 

    Discounts make the total cost go ________

    Correct Answer
    down, lower, drop
    Explanation
    Discounts make the total cost go down, lower, or drop because they reduce the price of the item or service being purchased. When a discount is applied, the amount saved is subtracted from the original price, resulting in a lower total cost. Therefore, the correct answer options accurately describe the effect of discounts on the total cost.

    Rate this question:

  • 9. 

    If an item is marked up, the price goes up?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    When an item is marked up, it means that the price of the item has been increased. This increase in price is typically done by a retailer or seller in order to make a profit. Therefore, if an item is marked up, it is true that the price of the item goes up.

    Rate this question:

  • 10. 

    A tip goes to who?

    • A.

      The restaurant you are eating at

    • B.

      The government

    • C.

      The waiter or waitress

    Correct Answer
    C. The waiter or waitress
    Explanation
    A tip goes to the waiter or waitress because they provide service to the customers in a restaurant. Tipping is a common practice in many countries where customers show appreciation for the service received by leaving a gratuity for the server. The tip is a way to acknowledge their hard work, attentiveness, and overall dining experience. It helps supplement their income as their wages may be lower due to the expectation of receiving tips.

    Rate this question:

Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.