Lesson 14: Solving percent problems

Percent Equation Steps 1. Write the percent equation. 2. Identify the rate, base, and percentage. 3. Change the percent to a decimal. 4. Solve the equation for the unknown. Vocabulary Rate The number that has the percent sign. Key word = % simbol Base Original amount. It usually follows after the word of. Key word = of Percentage Part of the original amount. It usually follows after the word is. Key word = is

Name:________ Date:_________ Answers 1) __________ 2) __________ 3) __________ 4) __________ 5) __________ 6) __________ 7) __________ 8) __________

Example What is 40% of 70?

Rate * Base = Percentage 40% * 70 = X 0.4 * 70 = X 28 = X Answer = 28

Practice Find the percentage (part of the orininal amount). Problem 1 20% of 150 is what number? Problem 2 13% of what number is 300?

Problem 3 25% of 180 is what number?

Problem 4 5% of what number is 1300?

Problem 5 10% of 75 is what number? Problem 7 30% of 250 is what number?

Problem 6 22% of what number is 500? Problem 8 15% of what number is 90?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Percent Equation Steps 1. Write the percent equation. 2. Identify the rate, base, and percentage. 3. Change the percent to a decimal. 4. Solve the equation for the unknown. Example What percent of 40 is 6? Rate * Base = Percentage X * 40 = 6 6 X 40 X 0.15 Answers 1) __________ 2) __________ 3) __________ 4) __________ 5) __________ 6) __________ 7) __________
Answer = 15 8) __________

X 15%
Practice Find the rate (percent). Problem 1 What percent of 20 is 12? Problem 2 What percent of 400 is 60?

9) __________ 10) __________ 11) __________

Problem 3 What percent of 75 is 15?

Problem 4 What percent of 500 is 50?

12) __________

Problem 5 What percent of 400 is 26?

Problem 6 What percent of 65 is 10?

Problem 7 What percent of 60 is 6?

Problem 8 What percent of 30 is 10?

Problem 9 What percent of 100 is 20?

Problem 10 What percent of 30 is 20?

Problem 11 What percent of 80 is 60?

Problem 12 What percent of 700 is 100?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Percent Equation Steps 1. Write the percent equation. 2. Identify the rate, base, and percentage. 3. Change the percent to a decimal. 4. Solve the equation for the unknown. Example 22% of what number is 40? Rate * Base = Percentage 22% * X = 40 Rate * Base = Percentage 0.22 * X = 40 Answers 1) __________ 2) __________ 3) __________ 4) __________ 5) __________ 6) __________ 7) __________
Answer = 15

40 0.22 X 182 X
Practice Find the base (original amount). Problem 1 45% of what number is 12? Problem 2 60% of what number is 60?

8) __________ 9) __________ 10) __________ 11) __________

Problem 3 22% of what number is 17?

Problem 4 90% of what number is 10?

12) __________

Problem 5 75% of what number is 49?

Problem 6 10% of what number is 50?

Problem 7 30% of what number is 20?

Problem 8 6% of what number is 89?

Problem 9 85% of what number is 300?

Problem 10 3% of what number is 10?

Problem 11 78% of what number is 120?

Problem 12 80% of what number is 120?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Commision Problems Steps 1. Write the percent equation. 2. Identify the rate, base, and percentage. 3. Change the percent to a decimal. 4. Solve the equation for the unknown. Example Richard earns a 10% commission on each item that he sells. What is his commision on a sale of $410? Rate * Base = Percentage 10% * $410 = X 0.1 * $410 = X $41 = X
Answer = Richard earns $41 of commission on this sale.

Answers 1) __________ 2) __________ 3) __________ 4) __________ 5) __________ 6) __________

Practice Solve the word problem. Problem 1 Ruben earns a 15% commission on each item that he sells. What is his commision on a sale of $900? Problem 2 Jessica earns a 5% commission on each item that he sells. What is his commision on a sale of $900? Problem 3 Melissa earns a 2% commission on each car she sells. What is her commission on a car that she sells for $22000? Problem 4 Monica makes money by commission rates. She gets 3% of everything she sells. If Monica sold $15000 worth of items this month, what is her salary for the month? Problem 5 Angela earns a 20% commission on each piece of jewelry that she sells. What is her commission on a necklace that she sells for $495? Problem 6 Sonia makes money by commission rates. She gets 9.5% of everything she sells. If Sonia sold $10000 worth of items this month, what is her salary for the month?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Profit Problems Steps 1. Write the percent equation. 2. Identify the rate, base, and percentage. 3. Change the percent to a decimal. 4. Solve the equation for the unknown. Example Maria is selling dounats at the Kern County Fair. She earns a profit of 60% on each bag of dounats that she sells. How much profit did she earn for a week in which she sold $5000 worth of dounats? Rate * Base = Percentage 60% * $5000 = X 0.60 * $5000 = X $3000 = X
Answer = $3000

Answers 1) __________ 2) __________ 3) __________ 4) __________ 5) __________

Practice Find the profit. Problem 1 Zack is selling snowcones at the local park. He earns a profit of 40% on each snowcone that he sells. How much profit did he earn for a weekend in which he sold $950 worth of snowcones? Problem 2 Jose buys computers in bulk for $500 each. He sells them for $950 each. Calculate the profit on each computer as a percent and as dollar amount? Problem 3 Janett bought a car for $5000 and sell it for $7800. Calculate the profit that she earn as a percent and as a dollar amount. Problem 4 A store has a flat screen TV on sale for $2300. If the store purchases the TV for $1500, what is the profit that the store owner makes as a percent and as a dollar amount? Problem 5 Mr. C owns an organic restaurant and sells vegetable cookies for $2 a bag. If Mr. C spends $1.50 on a bag of cookies, what is his profit as a percent and as a dollar amount?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Discount Problems Steps 1. Write the percent equation. 2. Identify the rate, base, and percentage. 3. Change the percent to a decimal. 4. Solve the equation for the unknown. Example A pair of pants normally sells for $45. The pants are on sale for 20% off. What is the sale price of the pants? Rate * Base = Percentage 20% * $45 = X 0.20 * $45 = X $9 = X Sale Price = $45 -- $9 = $36
Sale Price = $36

Answers 1) __________ 2) __________ 3) __________ 4) __________ 5) __________

Note: $9 is the discount

Practice Find the percentage. Problem 1 A car that normally sells for $4500 is on sale for 10% off. What is the sale price of the car? Problem 2 A TV that normally sells for $1545 is on sale for 40% off. What is the sale price of the TV? Problem 3 A 1 carrot dianond and gold ring that normally sells for $9000 is on sale for 35% off. What is the sale price of the ring? Problem 4 In a grocery store, a $12 case of soda is labeled, "Get a 20% discount." What is the discount? What is the sale price of the case of soda? Problem 5 In a grocery store, a $1500 gas grill is labeled, "Buy today and get a 30% discount." What is the discount? What is the sale price of the grill?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Markup Problems Steps 1. Write the percent equation. 2. Identify the rate, base, and percentage. 3. Change the percent to a decimal. 4. Solve the equation for the unknown. Example Susana owns an auto parts store. She uses a 30% markup on all items. If she pays $95 for a battery, what is the regular price of the battery? Rate * Base = Percentage 30% * $95 = X 0.30 * $95 = X $28.5 = X Sale Price = $95 + $28.5 = $123.5 Practice Find the percentage. Problem 1 Alfredo owns a pharmacy. He uses a 25% markup on all items. If she pays $20 for an alergy medicine, what is the sale price of the alergy medicine? Problem 2 Alma owns a shoe store. She uses a 25% markup on all shoes. If she pays $120 for a pair of shoes, what is the selling price of the shoes? Problem 3 A locar grocery store uses a 40% markup on all meet and dairy products. If the owner pays $3.00 per pound of cheese, what is the selling price of one pound of cheese? Problem 4 An airplane manufacturer plans to increase the selling price of their jetliners. With a selling price of $350 million and a cost of $230 million, what was the percent markup based on cost? Problem 5 A jewelry store wants to use a markup of 120% for all items. If a necklace is price at $2595, how much did the store pay for the necklace? Answers 1) __________ 2) __________ 3) __________ 4) __________ 5) __________

Note: $28.5 is the profit that the owner keeps

Sale Price = $123.5

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Simple Interest Problems Equation Answers 1) __________ 2) __________ 3) __________ 4) __________

Interest = Principal*Rate *Time

Where Interest = Amount of money that the account will earn over a period of time Principal = Initial amount of money in the account Rate = Percent express as a decimal Time: Years Steps 1. Write the interest equation. 2. Find the principal 3. Find the interest rate as a decimal 4. Find the time in years Example 1 Juan invested $3000 in a savings account that pays an annual interest rate of 8% simple interest. If Juan does not deposit or withdraw any money, how much money would be in his account after two years? Interest= Principal*Rate *Time Interest= $3000*8% *2 Interest= $3000*0.08 *2 Interest= $480 Total amount in account = $3000 + $480 Total amount in account = $3480

Solution Juan will have in his account $3480. Problem 1 Rosa invested $1500 in a savings account that pays an annual interest rate of 5% simple interest. If she does not deposit or withdraw any money, how much money would be in her account after five years? Problem 2 Ruben invested $500 in a bussines that pays 15% anually. How much money will the investment earn in 5 years? Problem 3 Alma deposites $10000 on a savings account that pays 10% annual interest. If she does not deposites of withdraws any money for a period of 3 years, how much money would she have on her account? Problem 4 Jose wants to open a savings account for future investments. He has $10000 and wants to find out how much money he will have after a period of five years if the bank gives him a rate of 4%?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Solving percent problems

Compound Interest Problems Equation
r A P1 n Where A = Balance of the account P = Principal amount (the initial amount you borrow or deposit) t = Number of years the money is in the account r = Annual rate of interest express as a decimal n = Number of time the interest is compounded per year
n *t

Answers 1) __________ 2) __________ 3) __________

Steps 1. Write the compound interest equation. 2. Find the principal 3. Find the interest rate as a decimal 4. Find the time in years 5. Find the amount of times the interest is compounded Example 1 $1500 is deposited in a bank account that pays an annual interest rate of 4.3% compounded quarterly. What is the balance of the account after a period of 6 years? Given Information A= X P= $1500 r= 4.3% = 0.043 n= quarterly = 4 times per year t = 6 years
A r P1 n
n *t

A A

0.043 $1500 1 4 $1739

4*6

Solution Juan will have in his account $3480. Problem 1 Mr. C deposit $1200 in a bank account that pays an annual interest rate of 4% compounded quarterly. What is the balance of the account after a period of 6 years? Problem 2 Mr. C deposit $6000 in a bank account that pays an annual interest rate of 8% compounded monthly. What is the balance of the account after a period of 7 years? Problem 3 Mr. C deposit $10000 in a bank account that pays an annual interest rate of 7% compounded twice a year. What is the balance of the account after a period of 10 years?

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

Lesson 14: Test Your Knowledge

A pair of pants normally sells for $50. The pants are on sale for 10% off. What is the sale price of the pants? The owner of a store uses a 20% markup on all items. If the store purchases an item for $30, what is the selling price of this item? Jesus invested $1200 in a savings account that pays an annual interest rate of 3% simple interest. If Jesus does not deposite or withdraw any money, how much money will be in the account after one year? Cesar invested $5000 in a savings account that pays an annual interest rate of 8% twice per year. If Cesar does not deposite or withdraw any money, how much money will be in the account after one year? Olga earns a 13% commission on each item that he sells. What is his commission on a sale of $490? Mr. Casillas is invested $14500 in a sabings account that pays an annual interest rate of 8% compounded twice per year. If Mr. Casillas does not deposite or withdraw any money, how much money will be in his account after one year? A refrigerator regularly sells for $1800. It is on sale for 10% off. What is the sale price of the refrigerator? Rosa earns a 14% commision on each house that she sells. What is her commision on a house that sell for $120000? Richard earn 8% commission on a car sale of $5900. How much money did he make on this sale? Ruben invested $1500 in a sabings account that pays an annual interest rate of 10% compounded once per year. If Ruben does not deposite or withdraw any money, how much money will be in his account after 3 year? A television that regularly sells for $2000. It is on sale for 15% off. What is the sale price of the Television? Rosio earns a 16% commision on each item that she sells. What is her commision on a house that sell for $5000? Answers
1) ________ 2) ________ 3) ________ 4) ________ 5) ________ 6) ________ 7) ________ 8) ________ 9) ________ 10) ________ 11) ________ 12) ________

Mr. C

Chapter 1: Lesson 14: Solving Percent Equations

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