12 multiple-choice questions, progressively harder.
A price of 100100100 dollars is increased by 20%20\%20%, and then that new price is decreased by 20%20\%20%. What is the final price?
Solution
Correct answer: B
Apply the changes one at a time. The increase gives 1.20×100=1201.20 \times 100 = 1201.20×100=120. The decrease is then taken of 120120120, not of 100100100.
0.80×120=960.80 \times 120 = 960.80×120=96
The final price is 969696 dollars, not 100100100, because the 20%20\%20% drop is figured on the larger 120120120.
A subscription rises from 121212 dollars to 151515 dollars per month. What is the percent increase?
Correct answer: A
The change is 15−12=315 - 12 = 315−12=3. Compare it to the original 121212.
312×100%=0.25×100%=25%\frac{3}{12} \times 100\% = 0.25 \times 100\% = 25\%123×100%=0.25×100%=25%
So the price rose by 25%25\%25%.
A value of 200200200 is decreased by 30%30\%30% and then increased by 30%30\%30%. What is the final value?
Apply the changes in order. The decrease gives 0.70×200=1400.70 \times 200 = 1400.70×200=140, and the increase is then taken of 140140140.
1.30×140=1821.30 \times 140 = 1821.30×140=182
The final value is 182182182, below the original 200200200, because the 30%30\%30% rise is figured on the smaller 140140140.
A value of 500500500 increases by 10%10\%10% and then increases by another 20%20\%20%. What is the final value?
Correct answer: C
Apply the changes in order, each on the previous amount. The first gives 1.10×500=5501.10 \times 500 = 5501.10×500=550, then the second is taken of 550550550.
1.20×550=6601.20 \times 550 = 6601.20×550=660
The final value is 660660660. Adding the percents to 30%30\%30% would wrongly give 650650650, because the second change is on the larger 550550550.
After a 40%40\%40% increase, a quantity is 777. What was the original quantity?
A 40%40\%40% increase makes the new value 140%140\%140% of the original, so divide by 1.401.401.40.
71.40=5\frac{7}{1.40} = 51.407=5
So the original quantity was 555. Check: 1.40×5=71.40 \times 5 = 71.40×5=7.
Increase 480480480 by 35%35\%35%. What is the new value?
Correct answer: D
A 35%35\%35% increase uses the multiplier 1+0.35=1.351 + 0.35 = 1.351+0.35=1.35.
1.35×480=6481.35 \times 480 = 6481.35×480=648
So the new value is 648648648.
A 200200200 dollar item is discounted 10%10\%10%, and then a coupon takes another 10%10\%10% off the reduced price. What is the final price?
The first discount gives 0.90×200=1800.90 \times 200 = 1800.90×200=180. The coupon then takes 10%10\%10% off that reduced 180180180.
0.90×180=1620.90 \times 180 = 1620.90×180=162
The final price is 162162162 dollars, not 160160160, because the two 10%10\%10% cuts act on different amounts (so they do not add to 20%20\%20%).
A 909090 dollar bill is split so that an 18%18\%18% tip is added. What is the total to the nearest cent?
An 18%18\%18% tip is added, so multiply by 1+0.18=1.181 + 0.18 = 1.181+0.18=1.18.
1.18×90=106.201.18 \times 90 = 106.201.18×90=106.20
The total is 106.20106.20106.20 dollars.
A shirt sells for 353535 dollars after a 25%25\%25% markup on its cost. What did the shirt cost the store?
A 25%25\%25% markup makes the price 125%125\%125% of the cost, so the cost is the price divided by 1.251.251.25.
351.25=28\frac{35}{1.25} = 281.2535=28
The shirt cost the store 282828 dollars. Check: 1.25×28=351.25 \times 28 = 351.25×28=35.
A gym membership rises from 252525 dollars to 292929 dollars. What is the percent increase?
The change is 29−25=429 - 25 = 429−25=4. Compare it to the original 252525.
425×100%=0.16×100%=16%\frac{4}{25} \times 100\% = 0.16 \times 100\% = 16\%254×100%=0.16×100%=16%
So the price rose by 16%16\%16%.
A library's books grow from 1,2001{,}2001,200 to 1,5001{,}5001,500. By what percent did the collection grow?
The change is 1,500−1,200=3001{,}500 - 1{,}200 = 3001,500−1,200=300. Compare it to the original 1,2001{,}2001,200.
3001,200×100%=0.25×100%=25%\frac{300}{1{,}200} \times 100\% = 0.25 \times 100\% = 25\%1,200300×100%=0.25×100%=25%
So the collection grew by 25%25\%25%.
A 150150150 dollar jacket is 40%40\%40% off, then 6%6\%6% tax is added to the sale price. What is the final cost?
First the discount: 0.60×150=900.60 \times 150 = 900.60×150=90 is the sale price. Then tax adds 6%6\%6% to that 909090.
1.06×90=95.401.06 \times 90 = 95.401.06×90=95.40
The final cost is 95.4095.4095.40 dollars.
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