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TGIF, December 12, 2014 Today: 
 Warm-Up 
 Percent Proportion 
 Review for Test Tuesday 
 Complete Classwork 2.7
1. What percent of 28 is 
ퟐ 
ퟕ 
? 
2. You have $100 and are playing poker. On the first hand you 
bet 50% of your money, and lose 100% of the bet. 
On the second hand, you bet 100% of the remaining money 
and win 100% of your bet back plus 50%. (150% of your bet) 
After the first two hands, how much money do you have? 
2a. What is 70% of ½?
3. Five of 34 students were absent yesterday. 
What percent of students were present? 
5. On a test with 80 questions, you answered 68 correctly. 
What was your percent score?
Mentis Arithmetica 
2. What is 45% of 80? 3. 36 is what % of 30? 
Try using mental math first: 
1) 25% of 80 2) 120% of 50 3) 15% of 500 
4) 300% of 9 
5) 5% of 1500 6) What % of 35 is 7?
Test Review 
Fill in the missing numbers: 
1. 0.6 = 
? ? 
5 
2. 0.14 = 
50 
? 4. 0.012 = 
250 
3. 0.016 = 
125 
? 
Write as a decimal: 
5. One-tenth of a dollar 6. One-tenth of ninety cents 
7. One-tenth of two dollars and seventy cents.
Vocabulary : 
Compliments: 
Two numbers are compliments when their sum is equal to 
100%. In other words, the sum of the two parts equals the 
whole. 
Every number has it’s own compliment. 
Ratio: A comparison of two numbers by division expressed 
in the following ways: 
ퟏ 
ퟐ, 1 to 2, 1:2 
Ratio’s Must use the same Unit of Measurement
Finding Percent Increase & Decrease 
A percent change is an increase or decrease 
given as a percent of the original amount. 
Percent increase describes an amount that 
has grown and percent decrease describes 
an amount that has be reduced.
Finding Price Before Increase or Decrease 
This formula is used to find the original price of an item 
when the price is known after increases such as taxes, tips, 
and markups. 
The formula is also used when the original price is not 
known after decreases such as markdowns and discounts. 
Original Price: Price after increase or decrease 
1 + percent or 
The cost of lunch after a 15% tip was $24.15. What was the 
cost of the lunch alone? $24.15 
1.15 1 +15% 
= $21.00
Applying Percent Changes 
Common percent changes are discounts and 
markups. 
A discount is an 
amount by which an 
original price is 
reduced. 
discount = % of original price 
final price = original price – discount 
A markup is an 
amount by which a 
wholesale price is 
increased. 
markup = % of wholesale cost 
final price = wholesale cost + markup
Class Notes & Practice Problems:
Ex. 1A: Percent Increase and Decrease 
Find each percent change. Tell whether it is a 
percent increase or dFercormea 8s teo. 10 
Simplify the fraction. 
Change to a decimal. 
= 0.25 
= 25% Write the answer as a percent. 
8 to 10 is an increase, so a change from 8 to 10 is a 25% 
increase.
Ex. 1B: Finding Percent Increase and Decrease 
Find the percent change. Tell whether it is a percent 
increase or decrease. 
From 75 to 30 
Simplify the fraction. 
Simplify the numerator. 
Write as a decimal 
= 0.6 
= 60% Write the answer as a percent. 
75 to 30 is a decrease, so a change from 75 to 30 is a 
60% decrease.
Practice 1: Percent Increase and Decrease 
Find the percent change. Tell whether it is a percent 
increase or decrease. 
1. From 200 to 110 
= 0.45 
Simplify the numerator. 
Simplify the fraction. 
= 45% Write the answer as a percent. 
200 to 110 is an decrease, so a 
change from 200 to 110 is a 45% 
decrease. 
Write as a decimal
Practice 2: Percent Increase and Decrease 
Find each percent change. Tell whether it is a 
percent increase or decrease. 
2. From 25 to 30 
Simplify the numerator. 
Simplify the fraction. 
= 0.20 
Write as a decimal 
= 20% Write the answer as a percent. 
25 to 30 is an increase, so a change from 25 to 
30 is a 20% increase.
Example 1: Percent Increase and Decrease 
A. Find the result when 12 is increased by 50%. 
0.50(12) = 6 Find 50% of 12. This is the amount of 
increase. 
12 + 6 =18 
It is a percent increase, so add 6 
to the 
12 increased by 50% iso 1r8ig.inal amount. 
B. Find the result when 55 is decreased by 
60%. 
0.60(55) = 33 Find 60% of 55. This is the amount of decrease. 
55 – 33 = 22 It is a percent decrease so subtract 33 from 
the original amount. 
55 decreased by 60% is 22.
Example 2: Percent Increase and Decrease 
A. Find the result when 72 is increased by 25%. 
0.25(72) = 18 Find 25% of 72. This is the amount of 
increase. 
72 + 18 =90 It is a percent increase, so add 18 
to the original amount. 
72 increased by 25% is 90. 
B. Find the result when 10 is decreased 
by 40%. 
0.40(10) = 4 Find 40% of 10. This is the amount of 
decrease. 
10 – 4 = 6 It is a percent decrease so subtract 4 
from the original amount. 
10 decreased by 40% is 6.
Applying Percent Changes 
Common percent changes are discounts and 
markups. 
A discount is an 
amount by which an 
original price is 
reduced. 
discount = % of original price 
final price = original price – discount 
A markup is an 
amount by which a 
wholesale price is 
increased. 
markup = % of wholesale cost 
final price = wholesale cost + markup
Practice 1: Percent Discounts 
The entrance fee at an amusement park is $35. 
People over the age of 65 receive a 20% discount. 
What is the amount of the discount? How much do 
people over 65 pay? 
Method 1: A discount is a percent decrease. So find 
$35 decreased by 20%. 
0.20(35) = 7 Find 20% of 35. This is the 
amount of the discount. 
35 – 7 = 28 Subtract 7 from 35. This is the 
entrance fee for people over 
the age of 65.
Practice 2: Percent Discounts 
Method 2: Subtract the percent discount from 
100%. 
100% – 20% = 80% People over the age of 65 pay 80% of 
the regular price, $35. 
0.80(35) = 28 Find 80% of 35. This is the entrance 
fee for people over the age of 65. 
35 – 28 = 7 Subtract 28 from 35. This is the 
amount of the discount. 
By either method, the discount is $7. People over the 
age of 65 pay $28.00.
Practice 3: Percent Discounts 
A $220 bicycle was on sale for 60% off. Find the sale 
price. 
Use Method 2: 
100% – 60% = 40% The bicycle was 60% off of 100% . 
0.40(220) = 88 Find 40% of 220. 
By this method, the sale price is 
$88.
Practice 1: Percent Markups 
The wholesale cost of a DVD is $7. The markup is 
85%. What is the amount of the markup? What is the 
selling price? 
Method 2 
Add percent markup to 100% 
Method 1 
A markup is a percent increase. So find $7 increased by 85%. 
0.85(100% 7) = + 5.95 
85% = 185% 
7 + 5.95 = 12.95 
Find 85% of 7. This is the amount of the 
The selling price is 185% of the 
markup. 
wholesale price, 7. 
Add to 7. This is the selling price. 
1.85(7) = 12.95 Find 185% of 7. This is the selling price. 
Subtract from 12.95. This is the 
12.95 ÷ 7 = 5.95 amount of the markup. 
By either method, the amount of the markup is 
$5.95. The selling price is $12.95.
Practice 2: Percent Markups 
A video game has a 70% markup. The wholesale cost 
is $9. What is the selling price? 
Method 1 
A markup is a percent increase. So find $9 increased 
by 70%. 
0.70(9) = 6.30 Find 70% of 9. This is the amount of 
the markup. 
9 + 6.30 = 15.30 Add to 9. This is the selling price. 
The amount of the markup is $6.30. The selling price is 
$15.30.
Find each percent change. Tell whether it is a 
percent increase or decrease. 
1. from 20 to 28. 
40% increase 
2. from 80 to 62. 
22.5% decrease 
3. from 500 to 100. 
80% decrease 
4. find the result when 120 is increased by 40%. 
5. find the result when 70 is decreased by 20%. 
168 
56 
Lesson Quiz: Part I
Find each percent change. Tell whether it is a percent 
increase or decrease. 
6. A movie ticket costs $9. On Mondays, tickets are 
20% off. What is the amount of discount? How 
much would a ticket cost on a Monday? 
7. A bike helmet cost $24. The wholesale cost was 
$15. What was the percent of markup? 
$1.80; $7.20 
60% 
Lesson Quiz: Part II
Example 2: Measurement Application 
A flagpole casts a shadow that is 75 ft long at the 
same time a 6-foot-tall man casts a shadow that is 9 ft 
long. Write and solve a proportion to find the height 
of the flag pole. 
Since h is multiplied by 9, divide both sides 
by 9 to undo the multiplication. 
The flagpole is 50 feet tall.
Percents 
Warm Up What is 70% of ½? 
Change each percent to a decimal. 
1. 73% 0.73 
2. 112% 
3. 0.6% 0.006 
4. 1% 
Change each fraction or mixed number to a 
decimal. 
5. 6. 0.3 
7. 8. 
Solve each proportion. 
9. 10. 
0.8 
1.12 
1.2 
0.01 
0.5 
12 4.2
Percents 
Example 3B: Finding the Whole 
20 is 0.4% of what number? 
Method 2 Use an equation. 
20 = 0.4% of x 
20 = 0.004 • x 
5000 = x 
Write an equation. Let x represent 
the whole. 
Write the percent as a decimal. 
Since x is multiplied by 0.004, 
divide both sides by 0.004 to 
undo the multiplication. 
20 is 0.4% of 5000.
Percents 
90 is 120% of what number? 
Method 1 Use a proportion. 
Use the percent proportion. 
120x = 9000 
x = 75 
120% of 75 is 90. 
Let x represent the whole. 
Find the cross products. 
Since x is multiplied by 120, divide 
both sides by 120 to undo the 
multiplication.
Percents 
Lesson Quiz: Part 1 
Find each value. Round to the nearest tenth 
if necessary. 
1. Find 20% of 80. 
16 
2. What percent of 160 is 20? 
3. 35% of what number is 40? 
4. 120 is what percent of 80? 
5. Find 320% of 8. 
6. 65 is 0.5% of what number? 
12.5% 
114.3 
150% 
25.6 
13,000
1. Order from least to greatest: 2/8, 2.8%, 8/2, .28 
3. 20 is 40% of what number? 
4. 36 is what percent of 30? 
5. What is the total cost of a $21.00 lunch and 15% 
tip? 
6. Which fraction must have more than two decimal 
places? 
A.) ¼ B.) 2/5 C.) 12/50 D.) 5/6 E.) 
None 
Warm-Up:
* A certain item used to sell for seventy-five cents a pound, you see that it's 
been marked up to eighty-one cents a pound. What is the percent increase? 
First, I have to find the increase: 81 – 75 = 6 
The price has gone up six cents. Now I can find the percentage increase over the 
original price. 
Note this language, "increase/decrease over the original", and use it to your 
advantage: it will remind you to put the increase or decrease over the original value, 
and then divide. 
This percentage increase is the relative change: 
6/75 = 0.08 or an 8% increase in price per pound. 
An important category of percentage exercises is markup and markdown problems. 
For these, you calculate the markup or markdown in absolute terms (you find by how 
much the quantity changed), and then you calculate the percent change relative to 
the original value. So they're really just another form of "increase - decrease" 
exercises. 
* A computer software retailer used a markup rate of 40%. Find the selling 
price of a computer game that cost the retailer $25. 
The markup is 40% of the $25 cost, so the markup is: (0.40)(25) = 10
A golf shop pays its wholesaler $40 for a certain club, and then sells it to a golfer for $75. What is 
the markup rate? First, I'll calculate the markup in absolute terms: 75 – 40 = 35 
Then I'll find the relative markup over the original price, or the markup rate: ($35) is (some 
percent) of ($40), or: 35 = (x)(40) so the relative markup over the original price is: 35 ˜ 40 = x =0.875 
Since x stands for a percentage, I need to remember to convert this decimal 
value to the corresponding percentage. The markup rate is 87.5%. 
* A shoe store uses a 40% markup on cost. Find the cost of a pair of shoes that 
sells for $63. 
This problem is somewhat backwards. We have the selling price, which is cost 
plus markup, and they gave me the markup rate, but they didn't tell me the actual 
cost or markup. So I have to be clever to solve this. 
I will let "x" be the cost. Then the markup, being 40% of the cost, is 0.40x. And 
the selling price of $63 is the sum of the cost and markup, so: 
63 = x + 0.40x 63 = 1x + 0.40x 63 = 1.40x 63 ˜ 1.40 = x= 45 
The shoes cost the store $45.
* An item originally priced at $55 is marked 25% off. What is the sale price? 
First, find the markdown. The markdown is 25% of the price of $55, so: x = 
(0.25)(55) = 13.75 
By subtracting this markdown from the original price, find the sale price: 
55 – 13.75 = 41.25 The sale price is $41.25. 
* An item that regularly sells for $425 is marked down to $318.75. What is the 
discount rate? 
First, I'll find the amount of the markdown: 425 – 318.75 = 106.25 
Then I'll calculate "the markdown over the original price", or the markdown 
rate: ($106.25) is (some percent) of ($425), so: 106.25 = (x)(425) 
...and the relative markdown over the original price is: x = 106.25 ˜ 425 = 
0.25 
Since the "x" stands for a percentage, I need to remember to convert this 
decimal to percentage form. The markdown rate is 25%.
* An item is marked down 15%; the sale price is $127.46. What was the original 
price? 
This problem is backwards. They gave me the sale price ($127.46) and the 
markdown rate (15%), but neither the markdown amount nor the original price. I 
will let "x" stand for the original price. Then the markdown, being 15% of this 
price, was 0.15x. And the sale price is the original price, less the markdown, so I 
get: x – 0.15x = 127.46 1x – 0.15x = 127.46 
0.85x = 127.46 x = 127.46 ˜ 0.85 = 149.952941176... 
This problem didn't state how to round the final answer, but dollars-and-cents 
is always written with two decimal places, so: The original price was $149.95. 
Note in this last problem that I ended up, in the third line of calculations, with an 
equation that said "eighty-five percent of the original price is $127.46". You can 
save yourself some time if you think of discounts in this way: if the price is 15% 
off, then you're only actually paying 85%. Similarly, if the price is 25% off, then 
you're paying 75%; if the price is 30% off, then you're paying 70%; and so on. 
While the values below do not refer to money, the procedures used to solve these 
problems are otherwise identical to the markup - markdown examples on the 
previous page. 
* Your friend diets and goes from 125 pounds to 110 pounds. What was her 
percentage weight loss? First, I'll find the absolute weight loss: 125 – 110 = 15 
This fifteen-pound decrease is some percentage of the original, since the rate 
of change is always with respect to the original value. So the percentage is 
"change over original", or: 15 = (x)(125) 
15 ˜ 125 = x (The change, 15, is over the original, 125.) 15 ˜ 125 = 0.12

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December 12, 2014

  • 1. TGIF, December 12, 2014 Today:  Warm-Up  Percent Proportion  Review for Test Tuesday  Complete Classwork 2.7
  • 2. 1. What percent of 28 is ퟐ ퟕ ? 2. You have $100 and are playing poker. On the first hand you bet 50% of your money, and lose 100% of the bet. On the second hand, you bet 100% of the remaining money and win 100% of your bet back plus 50%. (150% of your bet) After the first two hands, how much money do you have? 2a. What is 70% of ½?
  • 3. 3. Five of 34 students were absent yesterday. What percent of students were present? 5. On a test with 80 questions, you answered 68 correctly. What was your percent score?
  • 4. Mentis Arithmetica 2. What is 45% of 80? 3. 36 is what % of 30? Try using mental math first: 1) 25% of 80 2) 120% of 50 3) 15% of 500 4) 300% of 9 5) 5% of 1500 6) What % of 35 is 7?
  • 5. Test Review Fill in the missing numbers: 1. 0.6 = ? ? 5 2. 0.14 = 50 ? 4. 0.012 = 250 3. 0.016 = 125 ? Write as a decimal: 5. One-tenth of a dollar 6. One-tenth of ninety cents 7. One-tenth of two dollars and seventy cents.
  • 6.
  • 7.
  • 8. Vocabulary : Compliments: Two numbers are compliments when their sum is equal to 100%. In other words, the sum of the two parts equals the whole. Every number has it’s own compliment. Ratio: A comparison of two numbers by division expressed in the following ways: ퟏ ퟐ, 1 to 2, 1:2 Ratio’s Must use the same Unit of Measurement
  • 9. Finding Percent Increase & Decrease A percent change is an increase or decrease given as a percent of the original amount. Percent increase describes an amount that has grown and percent decrease describes an amount that has be reduced.
  • 10. Finding Price Before Increase or Decrease This formula is used to find the original price of an item when the price is known after increases such as taxes, tips, and markups. The formula is also used when the original price is not known after decreases such as markdowns and discounts. Original Price: Price after increase or decrease 1 + percent or The cost of lunch after a 15% tip was $24.15. What was the cost of the lunch alone? $24.15 1.15 1 +15% = $21.00
  • 11. Applying Percent Changes Common percent changes are discounts and markups. A discount is an amount by which an original price is reduced. discount = % of original price final price = original price – discount A markup is an amount by which a wholesale price is increased. markup = % of wholesale cost final price = wholesale cost + markup
  • 12. Class Notes & Practice Problems:
  • 13. Ex. 1A: Percent Increase and Decrease Find each percent change. Tell whether it is a percent increase or dFercormea 8s teo. 10 Simplify the fraction. Change to a decimal. = 0.25 = 25% Write the answer as a percent. 8 to 10 is an increase, so a change from 8 to 10 is a 25% increase.
  • 14. Ex. 1B: Finding Percent Increase and Decrease Find the percent change. Tell whether it is a percent increase or decrease. From 75 to 30 Simplify the fraction. Simplify the numerator. Write as a decimal = 0.6 = 60% Write the answer as a percent. 75 to 30 is a decrease, so a change from 75 to 30 is a 60% decrease.
  • 15. Practice 1: Percent Increase and Decrease Find the percent change. Tell whether it is a percent increase or decrease. 1. From 200 to 110 = 0.45 Simplify the numerator. Simplify the fraction. = 45% Write the answer as a percent. 200 to 110 is an decrease, so a change from 200 to 110 is a 45% decrease. Write as a decimal
  • 16. Practice 2: Percent Increase and Decrease Find each percent change. Tell whether it is a percent increase or decrease. 2. From 25 to 30 Simplify the numerator. Simplify the fraction. = 0.20 Write as a decimal = 20% Write the answer as a percent. 25 to 30 is an increase, so a change from 25 to 30 is a 20% increase.
  • 17. Example 1: Percent Increase and Decrease A. Find the result when 12 is increased by 50%. 0.50(12) = 6 Find 50% of 12. This is the amount of increase. 12 + 6 =18 It is a percent increase, so add 6 to the 12 increased by 50% iso 1r8ig.inal amount. B. Find the result when 55 is decreased by 60%. 0.60(55) = 33 Find 60% of 55. This is the amount of decrease. 55 – 33 = 22 It is a percent decrease so subtract 33 from the original amount. 55 decreased by 60% is 22.
  • 18. Example 2: Percent Increase and Decrease A. Find the result when 72 is increased by 25%. 0.25(72) = 18 Find 25% of 72. This is the amount of increase. 72 + 18 =90 It is a percent increase, so add 18 to the original amount. 72 increased by 25% is 90. B. Find the result when 10 is decreased by 40%. 0.40(10) = 4 Find 40% of 10. This is the amount of decrease. 10 – 4 = 6 It is a percent decrease so subtract 4 from the original amount. 10 decreased by 40% is 6.
  • 19. Applying Percent Changes Common percent changes are discounts and markups. A discount is an amount by which an original price is reduced. discount = % of original price final price = original price – discount A markup is an amount by which a wholesale price is increased. markup = % of wholesale cost final price = wholesale cost + markup
  • 20. Practice 1: Percent Discounts The entrance fee at an amusement park is $35. People over the age of 65 receive a 20% discount. What is the amount of the discount? How much do people over 65 pay? Method 1: A discount is a percent decrease. So find $35 decreased by 20%. 0.20(35) = 7 Find 20% of 35. This is the amount of the discount. 35 – 7 = 28 Subtract 7 from 35. This is the entrance fee for people over the age of 65.
  • 21. Practice 2: Percent Discounts Method 2: Subtract the percent discount from 100%. 100% – 20% = 80% People over the age of 65 pay 80% of the regular price, $35. 0.80(35) = 28 Find 80% of 35. This is the entrance fee for people over the age of 65. 35 – 28 = 7 Subtract 28 from 35. This is the amount of the discount. By either method, the discount is $7. People over the age of 65 pay $28.00.
  • 22. Practice 3: Percent Discounts A $220 bicycle was on sale for 60% off. Find the sale price. Use Method 2: 100% – 60% = 40% The bicycle was 60% off of 100% . 0.40(220) = 88 Find 40% of 220. By this method, the sale price is $88.
  • 23. Practice 1: Percent Markups The wholesale cost of a DVD is $7. The markup is 85%. What is the amount of the markup? What is the selling price? Method 2 Add percent markup to 100% Method 1 A markup is a percent increase. So find $7 increased by 85%. 0.85(100% 7) = + 5.95 85% = 185% 7 + 5.95 = 12.95 Find 85% of 7. This is the amount of the The selling price is 185% of the markup. wholesale price, 7. Add to 7. This is the selling price. 1.85(7) = 12.95 Find 185% of 7. This is the selling price. Subtract from 12.95. This is the 12.95 ÷ 7 = 5.95 amount of the markup. By either method, the amount of the markup is $5.95. The selling price is $12.95.
  • 24. Practice 2: Percent Markups A video game has a 70% markup. The wholesale cost is $9. What is the selling price? Method 1 A markup is a percent increase. So find $9 increased by 70%. 0.70(9) = 6.30 Find 70% of 9. This is the amount of the markup. 9 + 6.30 = 15.30 Add to 9. This is the selling price. The amount of the markup is $6.30. The selling price is $15.30.
  • 25. Find each percent change. Tell whether it is a percent increase or decrease. 1. from 20 to 28. 40% increase 2. from 80 to 62. 22.5% decrease 3. from 500 to 100. 80% decrease 4. find the result when 120 is increased by 40%. 5. find the result when 70 is decreased by 20%. 168 56 Lesson Quiz: Part I
  • 26. Find each percent change. Tell whether it is a percent increase or decrease. 6. A movie ticket costs $9. On Mondays, tickets are 20% off. What is the amount of discount? How much would a ticket cost on a Monday? 7. A bike helmet cost $24. The wholesale cost was $15. What was the percent of markup? $1.80; $7.20 60% Lesson Quiz: Part II
  • 27. Example 2: Measurement Application A flagpole casts a shadow that is 75 ft long at the same time a 6-foot-tall man casts a shadow that is 9 ft long. Write and solve a proportion to find the height of the flag pole. Since h is multiplied by 9, divide both sides by 9 to undo the multiplication. The flagpole is 50 feet tall.
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  • 30. Percents Warm Up What is 70% of ½? Change each percent to a decimal. 1. 73% 0.73 2. 112% 3. 0.6% 0.006 4. 1% Change each fraction or mixed number to a decimal. 5. 6. 0.3 7. 8. Solve each proportion. 9. 10. 0.8 1.12 1.2 0.01 0.5 12 4.2
  • 31. Percents Example 3B: Finding the Whole 20 is 0.4% of what number? Method 2 Use an equation. 20 = 0.4% of x 20 = 0.004 • x 5000 = x Write an equation. Let x represent the whole. Write the percent as a decimal. Since x is multiplied by 0.004, divide both sides by 0.004 to undo the multiplication. 20 is 0.4% of 5000.
  • 32. Percents 90 is 120% of what number? Method 1 Use a proportion. Use the percent proportion. 120x = 9000 x = 75 120% of 75 is 90. Let x represent the whole. Find the cross products. Since x is multiplied by 120, divide both sides by 120 to undo the multiplication.
  • 33. Percents Lesson Quiz: Part 1 Find each value. Round to the nearest tenth if necessary. 1. Find 20% of 80. 16 2. What percent of 160 is 20? 3. 35% of what number is 40? 4. 120 is what percent of 80? 5. Find 320% of 8. 6. 65 is 0.5% of what number? 12.5% 114.3 150% 25.6 13,000
  • 34. 1. Order from least to greatest: 2/8, 2.8%, 8/2, .28 3. 20 is 40% of what number? 4. 36 is what percent of 30? 5. What is the total cost of a $21.00 lunch and 15% tip? 6. Which fraction must have more than two decimal places? A.) ¼ B.) 2/5 C.) 12/50 D.) 5/6 E.) None Warm-Up:
  • 35. * A certain item used to sell for seventy-five cents a pound, you see that it's been marked up to eighty-one cents a pound. What is the percent increase? First, I have to find the increase: 81 – 75 = 6 The price has gone up six cents. Now I can find the percentage increase over the original price. Note this language, "increase/decrease over the original", and use it to your advantage: it will remind you to put the increase or decrease over the original value, and then divide. This percentage increase is the relative change: 6/75 = 0.08 or an 8% increase in price per pound. An important category of percentage exercises is markup and markdown problems. For these, you calculate the markup or markdown in absolute terms (you find by how much the quantity changed), and then you calculate the percent change relative to the original value. So they're really just another form of "increase - decrease" exercises. * A computer software retailer used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25. The markup is 40% of the $25 cost, so the markup is: (0.40)(25) = 10
  • 36. A golf shop pays its wholesaler $40 for a certain club, and then sells it to a golfer for $75. What is the markup rate? First, I'll calculate the markup in absolute terms: 75 – 40 = 35 Then I'll find the relative markup over the original price, or the markup rate: ($35) is (some percent) of ($40), or: 35 = (x)(40) so the relative markup over the original price is: 35 ˜ 40 = x =0.875 Since x stands for a percentage, I need to remember to convert this decimal value to the corresponding percentage. The markup rate is 87.5%. * A shoe store uses a 40% markup on cost. Find the cost of a pair of shoes that sells for $63. This problem is somewhat backwards. We have the selling price, which is cost plus markup, and they gave me the markup rate, but they didn't tell me the actual cost or markup. So I have to be clever to solve this. I will let "x" be the cost. Then the markup, being 40% of the cost, is 0.40x. And the selling price of $63 is the sum of the cost and markup, so: 63 = x + 0.40x 63 = 1x + 0.40x 63 = 1.40x 63 ˜ 1.40 = x= 45 The shoes cost the store $45.
  • 37. * An item originally priced at $55 is marked 25% off. What is the sale price? First, find the markdown. The markdown is 25% of the price of $55, so: x = (0.25)(55) = 13.75 By subtracting this markdown from the original price, find the sale price: 55 – 13.75 = 41.25 The sale price is $41.25. * An item that regularly sells for $425 is marked down to $318.75. What is the discount rate? First, I'll find the amount of the markdown: 425 – 318.75 = 106.25 Then I'll calculate "the markdown over the original price", or the markdown rate: ($106.25) is (some percent) of ($425), so: 106.25 = (x)(425) ...and the relative markdown over the original price is: x = 106.25 ˜ 425 = 0.25 Since the "x" stands for a percentage, I need to remember to convert this decimal to percentage form. The markdown rate is 25%.
  • 38. * An item is marked down 15%; the sale price is $127.46. What was the original price? This problem is backwards. They gave me the sale price ($127.46) and the markdown rate (15%), but neither the markdown amount nor the original price. I will let "x" stand for the original price. Then the markdown, being 15% of this price, was 0.15x. And the sale price is the original price, less the markdown, so I get: x – 0.15x = 127.46 1x – 0.15x = 127.46 0.85x = 127.46 x = 127.46 ˜ 0.85 = 149.952941176... This problem didn't state how to round the final answer, but dollars-and-cents is always written with two decimal places, so: The original price was $149.95. Note in this last problem that I ended up, in the third line of calculations, with an equation that said "eighty-five percent of the original price is $127.46". You can save yourself some time if you think of discounts in this way: if the price is 15% off, then you're only actually paying 85%. Similarly, if the price is 25% off, then you're paying 75%; if the price is 30% off, then you're paying 70%; and so on. While the values below do not refer to money, the procedures used to solve these problems are otherwise identical to the markup - markdown examples on the previous page. * Your friend diets and goes from 125 pounds to 110 pounds. What was her percentage weight loss? First, I'll find the absolute weight loss: 125 – 110 = 15 This fifteen-pound decrease is some percentage of the original, since the rate of change is always with respect to the original value. So the percentage is "change over original", or: 15 = (x)(125) 15 ˜ 125 = x (The change, 15, is over the original, 125.) 15 ˜ 125 = 0.12