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Economics Jeopardy

Dive into the world of economics with this engaging Jeopardy-style game focusing on discounts, markups, sales tax, and simple interest. Test your knowledge by solving problems involving percentages, retail pricing, and financial calculations. From discounts on jeans to understanding how tips and taxes affect final meal costs, this game provides a fun way to learn essential economic concepts. Perfect for students and anyone interested in improving their financial literacy!

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Economics Jeopardy

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  1. EconomicsJeopardy Created by: R. Tazewell

  2. Jeopardy

  3. Discounts & Markups 100 • You buy a pair of jeans that is 30% off the original price of $29. What is the sale price? • $20.30

  4. Discounts & Markups 200 • The wholesale price of the skateboard was $70. The markup of the skateboard is 125%. What is the new price? • $157.50

  5. Discounts & Markups 300 • Jimmy’s bicycle helmet cost $48. What is 25% of Jimmy’s helmet? • $12 DOUBLE

  6. Discounts & Markups 400 • A store buys guitars from a manufacturer at a wholesale price of $38. The stores markup is 85%. What is the retail price? • $70.30

  7. Sales Tax & Tips 100 • Your meal costs $12. You leave a 20% tip. The sales tax is 5%. What is the total cost of the meal? • $15.00

  8. Sales Tax & Tips 200 • If my Snow Crab Dinner cost $25, and I gave the waitress a 15% tip. How much did I give the waitress? • $3.75

  9. Sales Tax & Tips 300 • State tax is 7%. At Wal-Mart, Bob’s total was $250 before tax. What was Bob’s total after tax? • $267.50

  10. Sales Tax & Tips 400 • You have a $20 gift card from a bookstore. You use it to buy two books for a total of $18.49. The sales tax is 5.75%. How much is left on the gift card after the purchase? • $0.45

  11. Simple Interest 100 • You deposit $500 into an account that earns 6% simple annual interest. What will the account’s balance be after 2 years? • $560 DOUBLE

  12. Simple Interest 200 • You deposit $1000 into a 3-month certificate of deposit. After 3 months the balance is $1005. Find the simple annual interest rate. • 2%

  13. Simple Interest 300 • You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest? • 5 years

  14. Simple Interest 400 • What is the amount of money deposited or borrowed called? • Principal

  15. Percent of Increase & Decrease 100 • What is the percent of increase from 8 to 13? • 62.5%

  16. Percent of Increase & Decrease 200 • What is the percent of decrease from 49 to 35? • 28.6%

  17. Percent of Increase & Decrease 300 • A taco company puts 24 taco shells in every box. Recently the company expanded the box and put 25% more shells in each box. How many shells are in every box now? • 30 shells

  18. Percent of Increase & Decrease 400 • Amount of increase is $25 • Percent of increase is 20% • What is the original amount? • $125

  19. The Percent Equation 100 • What number is 20% of 110? • 22

  20. The Percent Equation 200 • The number 117 is 45% of what number? • 260

  21. The Percent Equation 300 • What percent of 150 is 90? • 60%

  22. The Percent Equation 400 • A clothing salesperson sells a suit for $350. The salesperson receives an 8% commission on the sale. How much is the commission? DOUBLE • $28

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