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Example Questions
Example Question #71 : Percentage
A city originally had a sales tax, but increased it to . Assuming that the rate of consumption in the city does not change, what was the total amount of sales tax collected when the rate was if the increase in tax brought in an additional in revenue?
One way to solve this is by considering that the increase in taxes is a linear addition of 2%. Therefore we can ask the question, 2% of what amount yields $150,000? This can be represented in the following equation:
0.02 * x = 150,000
Solve for x: $7,500,000
Therefore, the total at the old rate is 7,500,000 * 0.06 = $450,000.
Example Question #12 : How To Find The Percent Of Increase
In 2014, approximately of Americans were considered charming. In 2013 approximately 27.1% of Americans were deemed charming. If the population of America in 2013 was people and the population of America in 2014 was roughly people, what is the percent increase/decrease of charming people from 2013-2014? Round to the nearest tenth.
To solve this problem, we must understand that we can't simply use the percentage change from 2013-2014 in order to solve this problem. Because the populations change, simply using the percentage change in order to is invalid. Therefore we must find the amount of people that were charming in each year to solve for this problem.
In 2013, of the people in America were considered charming, this means that the number of charming people in America in 2013 is people.
In 2014, of the people in America were considered charming, this means that the number of charming people in America in 2014 is people.
Therefore to find the percent increase of charming people, we simply find the difference in charming people from 2013-2014 and divide by the number of charming people in 2013. or a increase in charming people.