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Unformatted text preview: ppliances for paying cash. How much will a microwave oven marked at $400 cost if payment is made in cash? Solution: We can find 25% or 4 of $400, which is $100, then subtract $100 from $400 to get a cash price of $300. The danger in this method is that the amount of discount, $100, is sure to be among the multiplechoice answers, as students often look for the first answer they get without bothering to finish the problem. It is safer, and easier, to realize that a 25% discount means 75% must be paid. 75% = 3 and 3 of $400 is $300.
4 4 1 Some problems deal with successive discounts. In such cases, the first discount is figured on the marked price, while the second discount is figured on the intermediate price. Example: Johnson’s Hardware Store is having a moving sale in which everything in the store is being marked down 20% with an additional 5% discount for paying cash. What will be the net cost of a toaster, paid with cash, marked at $25? Solution: The first discount is 20% or amount.
5 1 19 = off. · 20 = $19. The net price is $19. 100 20 20 1 4 . We then pay of $25 or $20. An additional 5% is given off this 5 5 www.petersons.com Verbal Problems Involving Percent 89 Exercise 2
Work out each problem. Circle the letter that appears before your answer. 1. How much is saved by buying a freezer marked at $600 with a discount of 20% rather than one marked at $600 with a discount of 10% then 10%? (A) $6 (B) $8 (C) $10 (D) $12 (E) $20 Mr. Kaplan builds a home at a cost of $60,000. After pricing the home for sale by adding 25% of his expenses, he offers a discount of 20% to encourage sales. What did he make on the house? (A) $15,000 (B) $1500 (C) $0 (D) $5000 (E) $1200 Christmas cards are sold after Christmas for 90 cents a box instead of $1.20 a box. The rate of discount is (A) 20% (B) 25% (C) 30% (D) (E) 33 % 40%
1 3 4. A television set listed at $160 is offered at a 12
1 % discount during a storewide sale. If an 2 additional 3% is allowed on the net price for payment in ca...
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 Spring '10
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