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1 Basic
Solution:
25
25% off Jan sale price = × 40%
100
= 10%
Total sale off the original price = (60 + 10)%
= 70%
∴ Jill is correct.
p
Given that p is 20% of q, find the value of , expressing your answer as a fraction
4q
in its lowest terms.
Solution:
p = 20% q
1
= q
5
1
q
p 5
=
4q 4 q
1
=
20
3 Basic
Each year, the Wild Wild Wet Theme Park invites its visitors to vote for their
favourite thrill ride in the theme park. In 2006, there were 460 000 visitors and 91
000 of them voted. The number who voted in 2007 was 40% more than in 2006. If
there were 390 000 visitors in 2007, calculate the number of visitors who did not vote
in 2007.
Solution:
140
Number of voters in 2007 = × 91 000
100
= 127 400
Number of visitors who did not vote in 2007 = 390 000 – 127400
= 262 600
(a) An art dealer bought a painting for $8,400 and sold it for $11,088. Calculate
his earnings as a percentage.
(b) During a sale, the art dealer reduced the price of his paintings by 16%.
Calculate the normal selling price of a painting which was priced at $21,000
during the sale.
Solution:
11 088 − 8400
(a) His earnings = × 100%
8400
= 32%
100
(b) Normal selling price = × $21 000
84
= $25 000
5 Basic
Solution:
120
(a) Selling price = × $1 200
100
= $1 440
100
(b) Advertised price = × $1 440
80
= $1800
Anand wanted to sell a set of limited edition Transformers® toy figures which he
bought for $11 000. The set of figures was finally sold during an auction to a buyer
with a winning bid of $13 550. For the successful sale, the auctioneer receives 4%
commission from the seller and 2% commission from the buyer. (A commission is
money that you get from the sale of something.)
(a) How much profit did Anand make after paying commission to the auctioneer?
(b) Find, correct to 4 significant figures, the percentage of profit made in (a).
(c) How much did the auctioneer earn altogether?
Solution:
4
(a) Commission paid to auctioneer = × $13 550
100
= $542
2 008
(b) Percentage profit Anand made from sale = ×100%
11 000
≈ 18.25 %
(b) The selling price of a computer set is inclusive of a 10% GST. Find the price
of a computer set without the inclusion of GST.
Solution:
5
(ai) Total commission received = × ( $2 420 ×15 )
100
5
= × 36 300
100
= $1815
8
(aii) Total amt earned = × ( $36 300 − 1815 )
100
= $2 758.80
100
(b) Price of a computer set before GST = × $2 420
110
= $2 200