Percentage Calculations: Master the Basics for Business Success

Question 1

A sales tax of 8% is applied to a purchase of $400. Calculate the total cost of the purchase including tax.

Accepted Answer

$428

Answer

$420

Answer

$432

Answer

$436

Question 2

A real estate agent receives a 6% commission on the sale of a house. If the house sells for $350,000, how much commission will the agent earn?

Accepted Answer

$21,000

Answer

$20,000

Answer

$22,000

Answer

$23,000

Question 3

A store offers both a 10% general discount and an additional 5% discount for loyalty card holders. If a loyalty card holder makes a purchase, determine the total percentage discount they receive.

Accepted Answer

12%

Answer

10%

Answer

15%

Answer

18%

Question 4

A company's sales increased by 20% in the first quarter and decreased by 10% in the second quarter. What is the overall percentage change in sales over the two quarters?

Accepted Answer

8%

Answer

-2%

Answer

22%

Answer

10%

Question 5

A sales tax rate is 8%. If you purchase an item for $120, how much sales tax will you pay?

Accepted Answer

$9.60

Answer

$7.20

Answer

$10.40

Answer

$12

Question 6

A recipe calls for 1 cup of flour and 1/2 cup of sugar. If you want to halve the recipe, how much sugar will you need?

Accepted Answer

1/4 cup

Answer

3/4 cup

Answer

1/2 cup

Answer

1 cup

Question 7

A restaurant adds a 15% gratuity to the bill. If the bill is $50, what is the total amount including gratuity?

Accepted Answer

$57.50

Answer

$60

Answer

$52.50

Answer

$55

Question 8

A company reduces its workforce by 12%. If the original workforce was 200 employees, how many employees are laid off?

Accepted Answer

24

Answer

28

Answer

22

Question 9

A store implements a 30% markup on its products. If a product costs the store $50, find the selling price.

Accepted Answer

$65.00

Answer

$55.00

Answer

$53.00

Answer

$45.00

Question 10

A recipe requires 1 cup of flour for every 2 cups of sugar. Determine what percentage of the recipe is flour.

Accepted Answer

33.33%

Answer

25%

Answer

75%

Answer

50%

Question 11

Last year, a company increased its sales by 15%. If the previous year's sales were $1,200,000, what were its sales last year?

Accepted Answer

$1,380,000

Answer

$1,280,000

Answer

$1,140,000

Answer

$1,440,000

Question 12

In a survey, 60% of the 250 respondents preferred brand A over brand B. How many respondents preferred brand A?

Accepted Answer

150

Answer

175

Answer

125

Question 13

A recipe for 12 cookies requires 2 cups of flour. How much flour is needed to make 30 cookies?

Accepted Answer

5 cups

Answer

6 cups

Answer

3 cups

Answer

4 cups

Question 14

A company has a profit margin of 10%. If its sales for the year were $1,000,000, what was its profit?

Accepted Answer

$100,000

Answer

$80,000

Answer

$90,000

Answer

$110,000

Question 15

There is a 6% sales tax. How much tax will you pay on a $100 purchase?

Accepted Answer

$6

Answer

$8

Answer

$5

Answer

$7

Question 16

A store offers a 10% discount on purchases over $100. If you buy items totaling $120, how much is the discount?

Accepted Answer

$12

Answer

$14

Answer

$10

Answer

$8

Question 17

A store offers a 20% discount on a $150 item. What is the discounted price?

Accepted Answer

$120

Answer

$110

Answer

$130

Answer

$140

Question 18

A salesperson earns a 5% commission on all sales. If they sell $5,000 worth of goods, how much commission do they earn?

Accepted Answer

$250

Answer

$500

Answer

$300

Answer

$100

Question 19

A company's profit margin is 15%. If their revenue is $100,000, what is their profit?

Accepted Answer

$15,000

Answer

$10,000

Answer

$5,000

Answer

$20,000

Question 20

A product costs $50 to manufacture. The company adds a 25% markup to determine the selling price. What is the selling price?

Accepted Answer

$62.50

Answer

$55.00

Answer

$60.00

Question 21

A company has 200 employees. 15% of them are on vacation. How many employees are on vacation?

Accepted Answer

30

Answer

50

Answer

40

Answer

20

Question 22

A company's sales increased from $50,000 to $75,000. What is the percentage increase in sales?

Accepted Answer

50%

Answer

100%

Answer

25%

Answer

30%

Question 23

A product's price decreased from $100 to $80. What is the percentage decrease in price?

Accepted Answer

20%

Answer

30%

Answer

10%

Answer

25%

Question 24

A company's net income is $20,000, representing 10% of their revenue. What is their revenue?

Accepted Answer

$200,000

Answer

$150,000

Answer

$100,000

Answer

$50,000

Question 25

A survey found that 60% of consumers prefer a particular brand of product. If 1,500 consumers were surveyed, how many prefer the brand?

Accepted Answer

900

Answer

600

Answer

1,000

Answer

750

Question 26

A company offers a 10% discount on orders over $100. A customer's order totals $150. How much discount do they receive?

Accepted Answer

$15

Answer

$10

Answer

$20

Answer

$5

Question 27

A store offers a 20% discount on a product originally priced at $150. What is the discounted price?

Accepted Answer

$120

Answer

$140

Answer

$110

Answer

$130

Question 28

A retailer buys a product for $50 and sells it for $75. What is the percentage markup on the product?

Accepted Answer

50%

Answer

40%

Answer

25%

Answer

33.33%

Question 29

A company's sales increased from $100,000 to $120,000. What is the percentage increase in sales?

Accepted Answer

20%

Answer

10%

Answer

15%

Answer

25%

Question 30

A salesperson earns a 5% commission on all sales. If their total sales for the month are $20,000, how much commission do they earn?

Accepted Answer

$1,000

Answer

$1,500

Answer

$2,000

Answer

$500

Question 31

A survey found that 60% of respondents prefer product A. If there were 250 respondents in total, how many preferred product A?

Accepted Answer

150

Answer

125

Answer

100

Answer

200

Question 32

A company's profit margin is 15%. If their total revenue is $500,000, what is their profit?

Accepted Answer

$75,000

Answer

$50,000

Answer

$100,000

Answer

$150,000

Question 33

A bank offers an annual interest rate of 3% on savings accounts. If you deposit $1,000, how much interest will you earn after one year?

Accepted Answer

$30

Answer

$50

Answer

$10

Answer

$100

Question 34

A product's price increased from $10 to $12. What is the percentage increase?

Accepted Answer

20%

Answer

15%

Answer

10%

Answer

25%

Question 35

A company's expenses are 60% of its revenue. If the revenue is $800,000, what are the expenses?

Accepted Answer

$480,000

Answer

$320,000

Answer

$560,000

Answer

$640,000

Question 36

A store sells a product for $200 after a 10% discount. What was the original price of the product?

Accepted Answer

$222.22

Answer

$240

Answer

$180

Answer

$210