12 multiple-choice questions, progressively harder.
A 505050 dollar item is discounted 20%20\%20%. What is the sale price, in dollars?
Solution
Correct answer: D
A discount multiplies by 1−r1 - r1−r, and you keep 100%−20%=80%100\% - 20\% = 80\%100%−20%=80%, so the factor is 0.800.800.80.
0.80×50=400.80 \times 50 = 400.80×50=40
A 606060 dollar shirt has 5%5\%5% sales tax. What is the total, in dollars?
Correct answer: A
Sales tax is an increase, so the factor is 1+0.05=1.051 + 0.05 = 1.051+0.05=1.05.
1.05×60=631.05 \times 60 = 631.05×60=63
A price rises from 404040 to 505050 dollars. What is the percent increase?
Correct answer: C
Percent change compares the change to the original. The change is 50−40=1050 - 40 = 1050−40=10, and the original is 404040.
1040=0.25=25%\frac{10}{40} = 0.25 = 25\%4010=0.25=25%
Dividing by the new value 505050 would wrongly give 20%20\%20%.
A population falls from 500500500 to 400400400. What is the percent decrease?
The drop is 500−400=100500 - 400 = 100500−400=100, measured against the original 500500500.
100500=0.20=20%\frac{100}{500} = 0.20 = 20\%500100=0.20=20%
A store marks up a 303030 dollar cost by 40%40\%40%. What is the selling price, in dollars?
A markup is an increase on the cost, so multiply by 1+0.40=1.401 + 0.40 = 1.401+0.40=1.40.
1.40×30=421.40 \times 30 = 421.40×30=42
A salesperson earns 6%6\%6% commission on 2,5002{,}5002,500 dollars of sales. What is the commission, in dollars?
Correct answer: B
A commission is the part r⋅(sales)r \cdot (\text{sales})r⋅(sales) with r=0.06r = 0.06r=0.06.
0.06×2500=1500.06 \times 2500 = 1500.06×2500=150
A 252525 dollar item increases by 8%8\%8%. What is the new price, in dollars?
Multiply by the increase factor 1+0.08=1.081 + 0.08 = 1.081+0.08=1.08.
1.08×25=271.08 \times 25 = 271.08×25=27
A 120120120 dollar coat is 25%25\%25% off. What is the sale price, in dollars?
A 25%25\%25% discount leaves 75%75\%75%, so multiply by 0.750.750.75.
0.75×120=900.75 \times 120 = 900.75×120=90
A phone's price drops from 240240240 to 180180180 dollars. What is the percent decrease?
The drop is 240−180=60240 - 180 = 60240−180=60, measured against the original 240240240.
60240=0.25=25%\frac{60}{240} = 0.25 = 25\%24060=0.25=25%
A store marks up a 505050 dollar cost by 30%30\%30%. What is the selling price, in dollars?
A markup multiplies the cost by 1+0.30=1.301 + 0.30 = 1.301+0.30=1.30.
1.30×50=651.30 \times 50 = 651.30×50=65
An agent earns 3%3\%3% commission on a 90,00090{,}00090,000 dollar sale. What is the commission, in dollars?
The commission is r⋅(sales)r \cdot (\text{sales})r⋅(sales) with r=0.03r = 0.03r=0.03.
0.03×90000=27000.03 \times 90000 = 27000.03×90000=2700
A 909090 dollar jacket is discounted 30%30\%30%. What is the sale price, in dollars?
A 30%30\%30% discount leaves 70%70\%70%, so multiply by 0.700.700.70.
0.70×90=630.70 \times 90 = 630.70×90=63
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