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Financial Literacy Flashcards | StudBud
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Financial Literacy
The original is the number we…
Tax means to..
Financial Literacy
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Vocabulary and Basics
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Questions
13
Answers
1
Tax means to..
Add +
Subtract -
2
The original is the number we…
Start with
Subtract to get
Find at the end
3
Rebate means…
Add+
Subtract-
4
Discount means to…
Subtract -
Add +
5
Mark Down means to…
Subtract -
Add +
6
What is 32.2% as a decimal?
32.2
322
.322
7
Difference means to ...
Add+
Subtract -
8
What is 50% as a decimal?
5.0
50
.05
.50
9
How do you change a percent to a decimal?
Move 2 places LEFT
Move 2 places RIGHT
10
An INCREASE means to...
Add +
Subtract -
11
What is step 2 of finding mark up/ mark down?
Multiply (Original x Decimal)
Change % to decimal
Add or subtract
12
Step 3 on Mark up/down How do you know if you should add or subtract?
You ALWAYS SUBTRACT
Look at the KEY WORD!
You ALWAYS ADD
13
Mark Up means to ...
Subtract -
Add +
