Examples with solutions for Quantity, percentage, percentage value: Pricing strategies including discounts and markups

Exercise #1

The price of the movie ticket rose from 40 to 45 pesos. By what percentage did the price increase?

Step-by-Step Solution

In order to answer the question we must first understand how much the ticket costs:

45-40=5

That is, the price of the ticket increased by 5$.

Now we need to determine what the percentage value of the 5 pesos increase is. In order to determine this we will divide the increase by the original price and multiply it by 100 to convert it into a percentage.

5/40 * 100

We start by converting the 100 into fraction form.

5/40 * 100/1

When there is a multiplication of fractions, we can multiply numerator by numerator and denominator by denominator.

5*100 / 40*1

500 / 40

Thus we simplify as follows:

50/4

Lastly we convert the fraction into its complete form.

50/4 = 12.5

Answer

12.5%

Exercise #2

The price of a jacket is 52 dollars after a 30% increase.

What was the original price of the jacket?

Video Solution

Answer

$40

Exercise #3

All the merchandise in the store is reduced by 30%. If a microwave was discounted by 48 dollars what would be the discount on a product double the price of the microwave?

Video Solution

Answer

96 $

Exercise #4

The price of a table is 150% greater than the price of a chair.
Determine the individual prices for a table and a chair separately.

Video Solution

Answer

Chair 100 andatable150 and a table 150

Exercise #5

The price of a notebook is 30% higher than the price of a pen.

If together a notebook and a pen cost 18.4 pesos:
How much is the notebook and how much is the pen?

Video Solution

Answer

Notebook 10.4 ,pen8, pen 8

Exercise #6

The price of an ice cream is 150% greater than the price of an ice lolly.

If 3 ice creams and 4 ice lollies cost $51 in total:


Calculate the individual prices for an ice lolly and an ice cream.

Video Solution

Answer

Ice lollies cost 6andicecreamscost6 and ice creams cost 9 .