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    Calculating Successive Percent Change: Sample Problem

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    dhiren1529
    The document provides an example of calculating successive percentage changes. The example problem involves jeans originally priced at $40 that are marked down 40% for a sale price, and then receive an additional 20% discount with a coupon. To calculate the overall percentage savings, you apply the successive percentage changes as (1 - 0.4) * (1 - 0.2) - 1 = -0.52 or 52% savings. The document also provides formulas and examples for calculating successive percentage increases or decreases.

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    Calculating Successive Percent Change: Sample Problem

    Uploaded by

    dhiren1529
    17 views7 pages
    The document provides an example of calculating successive percentage changes. The example problem involves jeans originally priced at $40 that are marked down 40% for a sale price, and then receive an additional 20% discount with a coupon. To calculate the overall percentage savings, you apply the successive percentage changes as (1 - 0.4) * (1 - 0.2) - 1 = -0.52 or 52% savings. The document also provides formulas and examples for calculating successive percentage increases or decreases.

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    Successive Percents

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    The document provides an example of calculating successive percentage changes. The example problem involves jeans originally priced at $40 that are marked down 40% for a sale price, and then receive an additional 20% discount with a coupon. To calculate the overall percentage savings, you apply the successive percentage changes as (1 - 0.4) * (1 - 0.2) - 1 = -0.52 or 52% savings. The document also provides formulas and examples for calculating successive percentage increases or decreases.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    17 views7 pages

    Calculating Successive Percent Change: Sample Problem

    Uploaded by

    dhiren1529
    The document provides an example of calculating successive percentage changes. The example problem involves jeans originally priced at $40 that are marked down 40% for a sale price, and then receive an additional 20% discount with a coupon. To calculate the overall percentage savings, you apply the successive percentage changes as (1 - 0.4) * (1 - 0.2) - 1 = -0.52 or 52% savings. The document also provides formulas and examples for calculating successive percentage increases or decreases.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 7

    Calculating Successive Percent Change

    Sample Problem: Jeans are on sale for 40% off the retail price. The retail price is $40.00. If you have a coupon, you can receive an additional 20% off the sale price. What is the overall percentage savings?

    Calculating Successive Percent Change


    Sample Problem: Lets look at the key words in the problem:
    Jeans are on sale for 40% off the retail price. The retail price is $40.00. If you have a coupon, you can receive an additional 20% off the sale price. What is the overall percentage savings?

    Successive Percentage Change


    40 35 30 25 20 15 10 5 0
    $16.00 $40.00 $20.80

    Dollars ($)

    $4.80 $24.00 $19.20 $19.20

    Savings with discount Price Consumer Pays


    Cut the Crap Monty!

    ric e

    Fi na

    O ve

    ra l

    e ith lP er Co ce up nt on ag e C ha ng e

    il P et a R

    Sa lP r ic e

    le

    Pr ic

    Calculating Successive Percent Change


    (1 P1) * (1 P2) 1 P1 = first percentage increase or decrease P2 = second percentage increase or decrease

    Calculating Successive Percent Change


    (1 0.4) * (1 0.2) 1 = -0.52 (-52%) P1 = first percentage increase or decrease P2 = second percentage increase or decrease

    Calculating Successive Percent Change

    A politician promises, If elected, I will cut your taxes by 20% for each of the first three years of my term, for a total of 60%. Evaluate the promise.

    Calculating Successive Percent Change

    Spot prices for crude oil are rather volatile. From 1998 to 1999, spot prices for crude oil decreased by 28%. From 1999 to 2000, they increased by 106%. What was the percentage change over the two year period from 1998 to 2000?

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