Algebra 1 : Monetary Percentage

Study concepts, example questions & explanations for Algebra 1

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Example Questions

Example Question #101 : Monetary Percentage

Fronteir General Store Ltd. is having a clearance sale of  off all hardware. If Oscar purchases a jigsaw that normally retails for  what will be the discounted price?

Possible Answers:

Correct answer:

Explanation:

With a discount of , Oscar is only paying  of the original retail price, which can be calculated as such:

Example Question #34 : How To Find The Sale Price

If a pair of headphones retail for  but are on sale and discounted by . What is the discounted price of the headphones?

Possible Answers:

Correct answer:

Explanation:

With a  discount, only  of the full retail price is paid:

Example Question #102 : Monetary Percentage

A pair of jeans that normally retail for  are on clearance and are  off. What is the sales price of the jeans?

Possible Answers:

Correct answer:

Explanation:

 

Example Question #36 : How To Find The Sale Price

Bob is shoe shopping and pays $48 for a pair of shoes. If the shoes were on sale for 20%, what was the original price of the shoes?

Possible Answers:

Correct answer:

Explanation:

To find out what the original price of Bob's shoes, we use the following equation:

Let  represent the original price. Use this notation and substitute into our above equation:

Solve.

Example Question #32 : How To Find The Sale Price

You go shopping and you see a shirt that costs $25. There is a sign next to it that says it is 20% off. What is the sale price of the shirt?

Possible Answers:

Correct answer:

Explanation:

The sale price of something is how much we will spend after the discount is taken.  So, the discount is 20%.  

We must find what 20% of $25 is. We know

Now, we multiply.

So, the discount is $5.  We need to determine how much we are going to pay.  To do that, we subtract the discount from the original cost.

The sale price of the shirt is $20.

 

Example Question #32 : How To Find The Sale Price

You are shopping for jeans.  You see some that are .  You also see a sign that says they are  off.  What is the sale price of the jeans?

Possible Answers:

Correct answer:

Explanation:

To find the sale price, we will first find the discount, then subtract the discount from the original price.

We know the discount is  of the original price, .  So we will multiply:

So the discount is .  Now, we will subtract that from the original price to get the sale price.

Therefore, the sale price of the jeans is .

Example Question #39 : How To Find The Sale Price

What is the final sales price of a candy bar after applying a sales tax if its original price of the candy bar is ?

Possible Answers:

Correct answer:

Explanation:

The final price is the original price added with the original price times a certain percentage applied to the original price.

With a forty percent sales tax:

Write the equation representing cost with original price plus the original price applied with the percentange.

Simplify this equation to find the cost of the candy bar.

The final price of the candy bar is .

Example Question #40 : How To Find The Sale Price

What is the sale price of a two dollar candy bar if the tax applied was five percent?

Possible Answers:

Correct answer:

Explanation:

The final sales price is the original price of the candy bar plus the tax applied to the candy bar.

Five percent is:

Set up the equation to find the final sales price.

Simplify the equation.

The answer is:  

Example Question #41 : How To Find The Sale Price

You go shopping and see a shirt for $15.  There is a sign that says 25% off.  How much will you pay for the shirt?

Possible Answers:

Correct answer:

Explanation:

To find the sale price, we will first find the discount and subtract the discount from the original price.  

To find the discount, we multiply the cost of the shirt by the percent discount.

The discount equals $3.75.  Now, we will take that value and subtract it from the original cost of the shirt. 

Therefore, the sale price of the shirt is $11.25.

Example Question #42 : How To Find The Sale Price

A pair of shoes costs $45.  There is a sign that says all shoes are 14% off.  What is the sale price of the shoes?

Possible Answers:

Correct answer:

Explanation:

To find the sale price of an item, we will first find the amount of discount and subtract that from the original price.  In other words,

We know the pair of shoes originally cost $45.  We also know the discount is equal to 14% of $45.  To get this value, we will multiply 14% by $45.

Now, we can substitute into the formula.

 

Therefore, the sale price of the shoes is $38.70.

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