12 multiple-choice questions, progressively harder.
After a 20%20\%20% discount, a lamp costs 484848 dollars. What was the original price, in dollars?
Solution
Correct answer: A
A 20%20\%20% discount multiplies the original by 1−0.20=0.801 - 0.20 = 0.801−0.20=0.80, so 484848 is 0.800.800.80 of the original. Divide by the factor to undo it.
0.80 w=48 ⟹ w=480.80=600.80\,w = 48 \implies w = \frac{48}{0.80} = 600.80w=48⟹w=0.8048=60
Adding 20%20\%20% of 484848 back gives 57.6057.6057.60, which is wrong.
A store's cost is marked up 60%60\%60% to a selling price of 969696 dollars. What was the cost, in dollars?
Correct answer: B
A markup multiplies the cost by 1+0.60=1.601 + 0.60 = 1.601+0.60=1.60, so divide the price to reverse it.
1.60 c=96 ⟹ c=961.60=601.60\,c = 96 \implies c = \frac{96}{1.60} = 601.60c=96⟹c=1.6096=60
A price including 15%15\%15% tax is 929292 dollars. What was the price before tax, in dollars?
Correct answer: C
Tax multiplies the pre-tax price by 1+0.15=1.151 + 0.15 = 1.151+0.15=1.15, so divide the total by that factor.
1.15 w=92 ⟹ w=921.15=801.15\,w = 92 \implies w = \frac{92}{1.15} = 801.15w=92⟹w=1.1592=80
A population grows 10%10\%10% in year one and 20%20\%20% in year two. What is the overall percent increase?
Correct answer: D
Multiply the growth factors 1.101.101.10 and 1.201.201.20.
1.10×1.20=1.321.10 \times 1.20 = 1.321.10×1.20=1.32
That is a 32%32\%32% increase, not the 30%30\%30% from adding the rates.
A 200200200 dollar price rises 20%20\%20%, then that new price falls 20%20\%20%. What is the final price, in dollars?
Multiply the two factors, 1.201.201.20 for the rise and 0.800.800.80 for the fall.
200×1.20×0.80=200×0.96=192200 \times 1.20 \times 0.80 = 200 \times 0.96 = 192200×1.20×0.80=200×0.96=192
The equal rise and fall do not cancel, because the fall is taken of the larger raised price.
A coat is discounted 20%20\%20%, and then a coupon takes another 10%10\%10% off the reduced price. What percent of the original price do you pay?
Multiply the two factors 0.800.800.80 and 0.900.900.90.
0.80×0.90=0.72=72%0.80 \times 0.90 = 0.72 = 72\%0.80×0.90=0.72=72%
The two discounts combine to 28%28\%28% off, not 30%30\%30%.
After a 25%25\%25% raise, a salary is 50,00050{,}00050,000 dollars. What was the original salary, in dollars?
A raise multiplies the original by 1+0.25=1.251 + 0.25 = 1.251+0.25=1.25, so divide to reverse it.
1.25 w=50000 ⟹ w=500001.25=400001.25\,w = 50000 \implies w = \frac{50000}{1.25} = 400001.25w=50000⟹w=1.2550000=40000
A quantity is 40%40\%40% larger than 250250250. What is it?
"40%40\%40% larger than" is a 40%40\%40% increase, so multiply by 1+0.40=1.401 + 0.40 = 1.401+0.40=1.40.
1.40×250=3501.40 \times 250 = 3501.40×250=350
Adding just 404040 would confuse "percent more than" with "percent of."
A 606060 dollar item is marked up 50%50\%50%, then discounted 40%40\%40%. What is the final price, in dollars?
Multiply by 1.501.501.50 for the markup and 0.600.600.60 for the discount.
60×1.50×0.60=60×0.90=5460 \times 1.50 \times 0.60 = 60 \times 0.90 = 5460×1.50×0.60=60×0.90=54
A number decreased by 20%20\%20% equals 60%60\%60% of 200200200. What is the number?
First 60%60\%60% of 200200200 is 0.60×200=1200.60 \times 200 = 1200.60×200=120. The number times 0.800.800.80 equals 120120120, so divide.
0.80 n=120 ⟹ n=1200.80=1500.80\,n = 120 \implies n = \frac{120}{0.80} = 1500.80n=120⟹n=0.80120=150
A quantity is increased by 20%20\%20% and then by 30%30\%30%. By what single percent does it increase overall?
Multiply the factors 1.201.201.20 and 1.301.301.30 to get the overall factor.
1.20×1.30=1.561.20 \times 1.30 = 1.561.20×1.30=1.56
That is a 56%56\%56% increase, not the 50%50\%50% you would get by adding the rates.
A price rises 50%50\%50% then falls 50%50\%50%. Compared with the start, the final price is:
Multiply the factors 1.501.501.50 and 0.500.500.50.
1.50×0.50=0.751.50 \times 0.50 = 0.751.50×0.50=0.75
The final price is 75%75\%75% of the start, a 25%25\%25% decrease.
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