interest, markdown, markup
TEKS 7(1)(A), 7(4)(D)
Example Expressing a Fee as a Percent Rate
You bought two tickets to a stock car race. Each ticket cost $17.25. You paid a total of $38.50 including an online service fee. Express the fee as a fixed charge per ticket and as a percent rate to the nearest whole percent.
Step 1 Find the fee as a fixed charge per ticket.
The cost of two tickets is:
17.25 · 2 = 34.50
The fee for two tickets is:
The fee for one ticket is:
Step 2 Find the fee as a percent rate.
The fee as a fixed charge is $2.00 per ticket. The fee as a percent rate is about 12% of the ticket cost.