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.
What is the term for the original price before any discount is applied?
List price or marked price.
Fill in the blank: A commission of 10% on sales of $500 results in earnings of ______.
$50.
What is the formula for the area of a triangle?
Area = 1/2 × Base × Height.
How many sides does a pentagon have?
Five sides.
True or False: The exterior angles of a polygon always sum up to 360 degrees.
True.
What is the formula to find the discount price?
Discount Price = Original Price - Discount Amount.
What is a regular polygon?
A polygon with all sides and angles equal.
What is the area of a square with a side length of 4?
16 square units.
What is the commission for selling $2,000 worth of products at a 7% commission rate?
$140.
Fill in the blank: A discount of 25% on an item priced at $80 results in a final price of ______.
$60.
What is the formula for calculating the total cost after a discount?
Total Cost = Original Price - (Original Price × Discount Rate).
How many diagonals does a hexagon have?
9 diagonals.
What is the area formula for a parallelogram?
Area = Base × Height.
What is the term for the percentage of the total sales that a commission represents?
Commission Rate.
True or False: The area of a circle can be calculated using the formula A = πr².
True.
What is the formula for the circumference of a circle?
Circumference = 2πr.
What is the relationship between the angles of a polygon and the number of sides it has?
The sum of the interior angles = (n - 2) × 180 degrees, where n is the number of sides.
How do you calculate the rate of discount if the original price is $120 and the sale price is $90?
Rate = ((Original Price - Sale Price) / Original Price) × 100.
Fill in the blank: A ______ is a three-dimensional shape with six rectangular faces.
Rectangular prism.
What is the formula for calculating the area of a trapezoid?
Area = (Base1 + Base2) × Height / 2.
What is the name given to a polygon with eight sides?
Octagon.
True or False: In a commission structure, the more you sell, the less you earn.
False.
What is a key characteristic of a scalene triangle?
All sides and angles are different.
What does ‘net price’ refer to?
The price after all discounts have been applied.
What is the formula for finding the area of a circle?
Area = πr².
If a polygon has 10 sides, what is it called?
Decagon.
Fill in the blank: The total sales amount multiplied by the commission rate gives the ______.
Commission amount.
