Math 7 1st & 2nd Flashcards
What is a discount?
A reduction in the original price of a product or service.
What is the formula to calculate discount?
Discount = Original Price × Discount Rate.
If an item costs $100 and has a 20% discount, what is the discount amount?
$20.
What is a commission?
A fee paid to an agent or employee for services rendered, usually calculated as a percentage of sales.
What is the formula to calculate commission?
Commission = Total Sales × Commission Rate.
If a salesperson sells $1,000 worth of products with a 5% commission, how much do they earn?
$50.
True or False: A commission is always a fixed amount.
False.
What does the term ‘rate’ refer to in financial contexts?
The percentage used to calculate interest, commission, or discount.
What is a polygon?
A two-dimensional geometric figure with at least three straight sides and angles.
How many sides does a hexagon have?
Six sides.
What is the sum of the interior angles of a triangle?
180 degrees.
Fill in the blank: A polygon with four sides is called a ______.
Quadrilateral.
What is the formula for the area of a rectangle?
Area = Length × Width.
True or False: A square is a special type of rectangle.
True.
What is the formula for the perimeter of a polygon?
Perimeter = Sum of the lengths of all sides.
What shape has all sides equal and all angles equal?
A regular polygon.
If an item originally costs $50 and is now $40, what is the discount rate?
20%.
What is the formula for calculating the percentage rate of a discount?
Discount Rate = (Discount Amount / Original Price) × 100.