Percent Increase and Decrease This This presentation presentation was was created created following following the the Fair Fair Use Use Guidelines Guidelines for for Educational Educational Multimedia. Multimedia. Certain Certain materials materials are are included included under under the the Fair Fair Use Use exemption exemption of of the the U. U. S. S. Copyright Copyright Law. Law. Further Further use use of of these these materials materials and and this this presentation presentation is is restricted. restricted. Objectives • Students will find percent increase. • Students will find percent decrease. 10/15/2007 2 Vocabulary • percent of change – when an increase or decrease is expressed as a percent. • percent increase – new amount is greater than the original amount. • percent decrease – new amount is smaller than the original amount. • discount – the amount by which the regular price is reduced • markup – the store sells the item for more than they paid for the item. • selling price – the amount the customer pays. 10/15/2007 3 Percent of Change • To find the percent of change: Subtract the new and original amount. Divide the answer by the ORIGINAL amount. • To find a percent discount, change the percent to a decimal and multiply by the original amount. SUBTRACT this number from the original amount. • To find a markup, change the percent to a decimal and multiply by the original amount. ADD this number to the original amount. 10/15/2007 4 Percent of Change • To find the percent of change: Subtract the new and original amount. Divide the answer by the ORIGINAL amount. New – original original 10/15/2007 5 Example 1 • Find the percent of change. Round to the nearest percent. • Original: 53 • New: 61 • 61 – 53 = 8 • 8 ÷ 53 = .15 = 15% 10/15/2007 6 Example 2 • Find the percent of change. Round to the nearest percent. • Original: 65 • New: 40 • 40 – 65 = -25 • -25 ÷ 65 = .38 = -38% 10/15/2007 7 Example 3 • Find the percent of change. Round to the nearest percent. • Original: $45 • New: $25 • 25 – 45 = - 20 • -20 ÷ 45 = .44 = 44% 10/15/2007 8 Practice • Round to the nearest percent. • Original: $55; new: $35 • Original: $120; new $85 10/15/2007 9 Practice: Sales The price a used-book store pays to buy a book is $5. The store sells the book for 28% above the price that it pays for the book. What is the selling price of the $5 book? 10/15/2007 10 Practice: Sales The price a used-book store pays to buy a book is $5. The store sells the book for 28% above the price that it pays for the book. What is the selling price of the $5 book? 5 x 0.28 = $1.40 5 + 1.40 = $6.40 OR 5 x 1.28 = $6.40 10/15/2007 11 Practice: At one store the price of a pair of jeans is $26.00. At another store the same pair of jeans has a price that is 22% higher. What is the price of jeans at the second store? Answer: The price of jeans at the second store is $31.72. 10/15/2007 12 Practice: Sales Tax A meal for two at a restaurant costs $32.75. If the sales tax is 5%, what is the total price of the meal? Answer: The total price of the meal is $34.49. 10/15/2007 13 Practice: A portable CD player costs $69.99. If the sales tax is 6.75%, what is the total price of the CD player? Answer: The total price of the CD player is $74.71. 10/15/2007 14 Practice: Discount A dog toy is on sale for 20% off the original price. If the original price of the toy is $3.80, what is the discounted price? Answer: The discounted price of the dog toy is $3.04. 10/15/2007 15 Practice: A baseball cap is on sale for 15% off the original price. If the original price of the cap is $19.99, what is the discounted price? Answer: The discounted price of the cap player is $16.99. 10/15/2007 16
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