Grade 7 Math · Tax, Discounts and Simple Interest

Grade 7 Tax, Discounts and Simple Interest Practice Test

Build Grade 7 Math skills with five 10-question practice tests on sales tax, discounts, combined price changes, and simple interest.

Tax, Discounts and Simple Interest Practice Tests

These Grade 7 Math practice tests help students apply percentages to purchases and financial situations. Students work with sales tax, discounts, original and final prices, combined discount-and-tax calculations, and simple interest.

Skills covered

  • Finding sales tax and total purchase costs
  • Calculating discounts and sale prices
  • Applying a discount and tax in the correct order
  • Finding an original price, tax rate, or discount rate
  • Using the simple-interest formula I = Prt
  • Finding principal, rate, time, interest, and total amount

How to use these practice tests

Convert each percentage to a decimal before multiplying. Apply a discount to the original price first, then calculate tax on the discounted price when the problem gives both. For simple interest, use I = Prt, where P is the principal, r is the annual rate as a decimal, and t is time in years.

For more Grade 7 Math practice, return to the Grade 7 Math category.

3. Test

Grade 7 Tax, Discounts and Simple Interest Practice Tests

A 10-question Grade 7 Math practice test on sales tax, discounts, combined price changes, and simple interest.

Convert percentages to decimals, apply tax or discount to the correct price, and use the simple-interest formula I = Prt when appropriate.

10 Questions
0/10 Questions0 %
Correct 0
Incorrect 0
Unanswered 10
1. QuestionMultiple choice

What is the sales tax on a $50 purchase at a rate of 6%6\%?

Please select an answer first.

Correct answer: A

The correct answer is $3.00.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: Use I=Pr=0.06⋅50=3I=Pr=0.06\cdot50=3. The sales tax is $3.00.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

Use I=Pr=0.06⋅50=3I=Pr=0.06\cdot50=3. The sales tax is $3.00.

2. QuestionMultiple choice

A total bill is $108 after 8%8\% sales tax. What was the pre-tax price?

Please select an answer first.

Correct answer: B

The correct answer is $100.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The total is 1.081.08 times the pre-tax price, so 108÷1.08=100108\div1.08=100 dollars.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The total is 1.081.08 times the pre-tax price, so 108÷1.08=100108\div1.08=100 dollars.

3. QuestionMultiple choice

What is the discount amount on a $160 item discounted by 25%25\%?

Please select an answer first.

Correct answer: C

The correct answer is $40.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The discount is 0.25⋅160=400.25\cdot160=40 dollars.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The discount is 0.25⋅160=400.25\cdot160=40 dollars.

4. QuestionMultiple choice

An item costs $180 after a 20%20\% discount. What was its original price?

Please select an answer first.

Correct answer: D

The correct answer is $225.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The sale price is 80%80\% of the original, so 180÷0.80=225180\div0.80=225 dollars.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The sale price is 80%80\% of the original, so 180÷0.80=225180\div0.80=225 dollars.

5. QuestionMultiple choice

A total bill is $63 after 5%5\% sales tax. What was the pre-tax price?

Please select an answer first.

Correct answer: A

The correct answer is $60.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The total is 1.051.05 times the pre-tax price, so 63÷1.05=6063\div1.05=60 dollars.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The total is 1.051.05 times the pre-tax price, so 63÷1.05=6063\div1.05=60 dollars.

6. QuestionMultiple choice

An item costs $72 after a 10%10\% discount. What was its original price?

Please select an answer first.

Correct answer: B

The correct answer is $80.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The sale price is 90%90\% of the original, so 72÷0.90=8072\div0.90=80 dollars.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The sale price is 90%90\% of the original, so 72÷0.90=8072\div0.90=80 dollars.

7. QuestionMultiple choice

The sales tax on a $150 purchase is $12. What is the tax rate?

Please select an answer first.

Correct answer: C

The correct answer is 8%8\%.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The rate is 12÷150=0.08=8%12\div150=0.08=8\%.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The rate is 12÷150=0.08=8%12\div150=0.08=8\%.

8. QuestionMultiple choice

A $120 item has a discount of $30. What is the discount rate?

Please select an answer first.

Correct answer: D

The correct answer is 25%25\%.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The discount rate is 30÷120=0.25=25%30\div120=0.25=25\%.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The discount rate is 30÷120=0.25=25%30\div120=0.25=25\%.

9. QuestionMultiple choice

A total bill is $88 after 10%10\% sales tax. What was the pre-tax price?

Please select an answer first.

Correct answer: A

The correct answer is $80.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The total is 1.101.10 times the pre-tax price, so 88÷1.10=8088\div1.10=80 dollars.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The total is 1.101.10 times the pre-tax price, so 88÷1.10=8088\div1.10=80 dollars.

10. QuestionMultiple choice

An item costs $153 after a 15%15\% discount. What was its original price?

Please select an answer first.

Correct answer: B

The correct answer is $180.

  1. Identify the values and rate: Separate the original price or principal from the tax, discount, interest rate, and time information.
  2. Apply the appropriate formula: The sale price is 85%85\% of the original, so 153÷0.85=180153\div0.85=180 dollars.
  3. Check the result: Estimate the percentage of the original amount and confirm that the result is reasonable.

The sale price is 85%85\% of the original, so 153÷0.85=180153\div0.85=180 dollars.

Frequently asked questions about Grade 7 Tax, Discounts and Simple Interest

What topics are covered?

The page covers sales tax, discounts, final and original prices, combined price changes, simple interest, rates, principal, time, and total amount.

What formula is used for simple interest?

Use I = Prt, where I is interest, P is principal, r is the annual interest rate written as a decimal, and t is time in years.

How many questions are on this page?

The page includes five mini tests with 10 questions each, for 50 Grade 7 Tax, Discounts and Simple Interest questions in total.