Book 10:  Percentage Problems II 

You Will

• Apply the formula for calculating property taxes

• Apply the formula for calculating interest

• Apply formulas for discount and mark-up

Subjects

Video Highlights

Bill, upset with his property tax, learns how the tax is figured. Martha learns the cost of borrowing money. Todd and Martha prepare for a sale at the paint store where Todd works.
 
Summary/Terminology

mark-up rate = mark up cost price
mark up + cost price =selling price
discount amount = discount rate x selling price
sale price = selling price - discount amount
Interest = principal x rate x time
Assessed evaluation (Value)
Market value 
Margin
Taxable amount 
Mark-up
Time 
Real profit
Interest 
Dividend
Principal
Rate
Cost price 
Discount
Discount rate
Gross profit
Mark-up rate
Selling price