Sales Tax, Tips And Markup Test Quiz!

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| By Amy Phillips
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Amy Phillips
Community Contributor
Quizzes Created: 5 | Total Attempts: 2,727
| Attempts: 365
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  • 1/10 Questions

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

    • True
    • False
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About This Quiz

This quiz assesses skills in calculating sales tax, tips, and markups, essential for real-world financial literacy. It features practical scenarios like purchasing items or dining out, testing the ability to apply percentage calculations in everyday contexts.

Sales Tax, Tips And Markup Test Quiz! - Quiz

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  • 2. 

    A tip goes to who?

    • The restaurant you are eating at

    • The government

    • The waiter or waitress

    Correct Answer
    A. 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.

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  • 3. 

    Sales tax makes the cost of the item go  ___________________.

    • Up

    • Down

    • 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".

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  • 4. 

    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.

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  • 5. 

    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? 

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

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  • 6. 

    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? 

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

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  • 7. 

    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? 

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

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  • 8. 

    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? 

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

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  • 9. 

    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?

    Correct Answer
    $1,489.94, $1489.94, 1489.94, 1,489.94
    Explanation
    1. 100 + 6.5 = 106.5% or 1.065
    2. 1.065 (1399) = $1,489.94

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  • 10. 

    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? 

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

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Quiz Review Timeline (Updated): Jan 31, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jan 31, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jan 06, 2019
    Quiz Created by
    Amy Phillips
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