Percent Word Problems - SchoolNotes



Percent Word Problems

1. The owner of an audio store received a shipment of portable stereos at a cost of $102.30 each. If he sells the stereos for $181.99 each, what is the percent of markup? Round to the nearest whole percent.

2. A store marks up a jacket by 121%. The store’s cost for the jacket is $87.62. Find the selling price of the jacket.

3. Find the percent of discount. Round to the nearest whole percent.

regular price: $120 sale price: $105.50

4. Find the sale price. Round to the nearest cent.

regular price: $45.75 percent of discount: 40%

5. Find the regular price. Round to the nearest cent.

sale price: $56.78 percent of discount: 40%

6. Marty sells widgets. His cost is $20.00 per widget, and he applies a 55% markup for his selling price. This past month was not a profitable one, so Marty discounts the selling price by 25% to generate more sales. What is Marty’s discounted selling price?

7. Suppose you rent a limousine for a formal reception. The bill for the evening is $50.00. A tax of 7% will be added, and you want to tip the chauffeur 17% for excellent driving. How much will you pay in total?

8. Find the total weekly earnings for a waitress with a weekly salary of $275 plus a 5% commission on dinners, if the total worth of the dinners she served was $4,000.00.

9. You tell your parents that you will pay the 15% tip for dinner. The bill was $130.56. You have $20.

a. Do you have enough to pay the tip?

b. How much should the tip be?

10. A car dealership pays you 4% commission on your first $8000 in car sales and 8% commission on sales over $8000. If you made $9000 in car sales, how much is your commission?

11. A store is having a 10%-off sale. It gives an additional 20% off if the item is still above $100 after the first discount. A jacket costs $124.99. Will you get the second discount? You pay for the jacket. If you get the second discount, how many dollars have you saved in total?

12. A car has a sticker price of $20,000 but then it was marked-down 21%. The dealer was eager to sell the car and gave you an additional discount. Your receipt says the final price is $14,000. How much was the second discount? Justify your answer.

13. Two stores carry a similar stereo for the same original price of $573. One store offers a 16% discount and the second store sells the stereo for $458.40. Which store gives the bigger percent discount? Justify your answer.

14. Jan and Leo find the total cost of a $15-item with 6% sales tax. They use two different methods:

Jan: “I find 6% of $15 and then add the tax to $15”.

Leo: “I take $15 and multiply by 1.06”.

Are both methods correct? Explain your answer..

15. Write a general rule for finding a store’s regular price if you know the sale price and the percent of discount.

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