Conversions
0.8 to a percent
80%
Formula for percent increase?
A value increased from $50 to $65. What is the percent increase?
(New-Old)/Old*100
What is 30%
What does percent increase mean?
A student's test score went from 80 to 100. What is the percent increase?
Value goes up relative to original.
25%
Cash discount on $19,660 with 2/10?
$393.20
Selling Price: $43.40+ $22.50
$65.90
68% to a decimal
0.68
$260,000 increased by 26.5%
$328,900
What does percent decrease mean?
A shirt originally costs $100 and is now $80. What is the percent decrease?
Value goes down relative to original
What is 20%?
Trade discount of $2.89 to $2.14?
$0.75
Markup: $53.50-$32.22
$21.28
9.5% of $600
$57
$328,900 decreased by 5%?
$312,455
Why do businesses use percentages?
To compare, track growth, pricing, and profit.
Net price factor for 14/10/10?
0.6966
Percent markup(C=824.45, SP=1499)
81.8%
$7.50 is what percent of $58.90?
12.73%
Sales dropped from $181,800 to $135,441, what's the total percent dropped?
25.5% decreased
What is a store buying shoes for $50 and selling them for $80?
This is called markup. The stores adds profit to cost price.
What does 2/10 mean?
2% discount if paid within 10 days
Markdown %: $135 off $370?
36.5%
Convert 3/5 to a percent WITHOUT a calculator
60%
A price increased from $100 to $130. What is the percent increase?
30% increase
Why is a 50% increase NOT cancelled by a 50% decrease?
Because they apply to different base values. Basically, percent changes don't cancel because the starting number changes.
Difference between trade discount and cash discount?
Trade= list price reduction and Cash= early payment incentive
$8,500 * 0.6204
$5,273.40