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### Math Word Problems - GED, PSAT, SAT, ACT, GRE Preparation8.10 Word Problems - Percents - 2

 Formula: percent x whole = part Example: Method 1: The price of an item is decreased by 20% for a holiday sale. If the original price of the item is \$249, what is the sale price? Solution: 20% x \$249 = part .2 x 249 = part 49.80 = part Therefore Amount of the decrease is \$49.80. The sale price of the item = \$249.00 - \$49.80 = \$199.20 Method 2: Example: The price of the item is decreased by 20%. Therefore the sale price is 100% - 20% = 80% of the original price. Solution: Therefore the sale price is 80% of \$249 = .8 x 249 = 199.20 The sale price is \$199.20 Directions: Solve the following word problems.
 Q 1: The price of an item is decreased by 20% for a holiday sale. If the original price of the item is \$249, what is the sale price?\$196.70\$199.20\$239.20 Q 2: A retail store sells a jacket for 75% more than the wholesale price it is charged by the manufacturer. If the store sells the jacket for \$49, how much is it charged by the manufacturer. \$40\$30\$28 Q 3: Harry received a salary increase of 5% each year. If his current annual salary is \$40,000, what will his annual salary be after two years?\$44,100\$42,000\$50,100 Q 4: The average attendance at a baseball game this year was 35,000 people. This was an increase of 12% from last year. What was the average attendance at a baseball game last year?23,00047,00031,250 Q 5: Jack buys a stock for \$100. The stock price increases 10%. It then decreased by 10%. What is the price of the stock now?10099101 Q 6: Contributions to a charity totaled \$120,00 last year. The contributions decreased by 7% this year. What was the total amount of contributions made to the charity this year?113,000117,000127,000 Question 7: This question is available to subscribers only! Question 8: This question is available to subscribers only!