Tax, Tip, And Discount
5 Questions
| Total Attempts: 740
This quiz will cover the practical applications of percents.
Questions and Answers
- 1.The Wheeler's bill at the restaurant was $63.00. How much money should Mr. Wheeler leave as a tip if he plans to tip 15%?
- A.
$ 72.45
- B.
$ 9.45
- C.
$ 78.00
- D.
$ 5.00
- 2.Chris puts $1,500 in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is the amount of interest Chris will earn the first year her money is in the account?
- A.
$ 50
- B.
$ 75
- C.
$ 500
- D.
$ 700
- 3.Lynne loaned $480 to a friend. The friend paid back the amount borrowed plus 10% interest. What was the total amount the friend paid to Lynne?
- A.
$ 480.10
- B.
$ 484.80
- C.
$ 528.00
- D.
$ 490.00
- 4.Harrison is buying a bicycle for $340. What amount of sales tax must he pay if the sales tax rate is 7%?
- A.
$ 23.80
- B.
$ 7.00
- C.
$ 24.60
- D.
$ 238.00
- 5.The tax rate on an $80 sweater is 6.5%. What is the tax?
- A.
$ 520.00
- B.
$ 5.20
- C.
$ 52.00
- D.
$ 85.20
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Sample QuestionWhich of the following term is defined in the Income Tax Act, 1967?
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