Exam Question - Percentages

Today's question based on a real exam. The topic is percentages.

"In a sale, the price of an oven goes down 15% from $740. Calculate the sale price of the oven."

 

This question can be worth up to 3 marks in a real exam.

 

 

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ANSWER:

They ask us to reduce the price of the oven by 15% and find the new price. The original price of the oven is $740.

Method 1

If a calculator is allowed in your test, this is a very easy calculation. This is what you must type into the calculator:

740 x 0.85 = $629.00     or     740 x 85% = $629.00

The example above is calculating percentages with percentage multipliers.

 

Method 2

Without a calculator, you can solve the problem the traditional way. You must split the 15% in to 10% and 5%

1) 10% of 740 = $74

2) 5% of 740 = $37

3) 15% = $111

4) $740 - $111 = $629.00