Percentage - PSAT Math

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Question

55 and 1/2% of 23 is about what?

Answer

55 and 1/2% can be written as a decimal: 0.555. To see what number is about 55.5% of 23, multiply 0.555 by 23. Answer: 12.765 or about 13.

Another route is to say that 55.5% is about half of 23. Half of 23 is 11.5. Since 55.5% is greater than 50%, 13 is the logical choice instead of 11.

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Question

Write as a fraction: 22%

Answer

22% = 22/100

Divide everything by 2:

22/100 = 11/50

11 is a prime number, so this is as reduced as this fraction can get.

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Question

25% of 64 is equal to 5% of what number?

Answer

25% of 64 is 16 (you can find this with a calculator by 0.25 * 64). Divide 16 by 0.05 (or 1/20) to get the value of the number 16 is 5% of. (Or mental math of 16 * 20)

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Question

The Widget Company has annual revenues of $150,000. Their expenses over the same time frame was $75,000. What was the percent profit?

Answer

Profit = Revenue – Expense

% Profit = $ Profit ÷ $ Total Revenue

% Profit = ($150,000 – $75,000) ÷ $150,000 = 50%

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Question

Nicki sold 20 albums at $5 each. How many albums should Minaj sell at $4.50 to earn more than Nicki?

Answer

The answer is 23. 23*$4.50 = $103.50, which is more than what Nicki earned.

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Question

Find the simplified fraction for

Answer

For any percent we can write it as a fraction in the form

So we can write as

Then we simplify

So our simplified answer is

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Question

You have 2 fair dice that each have 6 faces. On one roll, what's the probability that both dice land on an even number?

Answer

In order to find the probability of rolling two even numbers on 2 dice we need to find the probability of each dice having an even number on the roll and then multiply them together.

The probability of rolling an even number is

because 2, 4, and 6 are even numbers which goes in the numerator and there are 6 total numbers which goes in the denominator. After this we reduce the fraction and get one half. Then we need to muliply this by probability of the second dice having an even number.

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Question

What is 15% of a $16.73 bill?

Answer

We can re write 15% as a fraction and then use proportions to solve.

From here we cross multiply and divide to solve for .

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Question

If a test has a total of questions and of the questions are multiple choice, how many questions are multiple choice?

Answer

To solve this problem we set up a ratio. We want to find of . Therefore, we set up the following ratio:

In the case represents the number of questions that are multiple choice. From here we cross multiply and divide.

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Question

If there are 3 boys in a class and 7 girls. What percent of the class is made up of boys?

Answer

To solve this problem we set up a ratio of part of total. The part is the number of boys in the class and the total is the number of boys and girls in the class.

now to find the percent we can multiply this fraction by 10/10

From here we can see that it is 30%

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Question

During Laura and Anna’s bake sale, 35 brownies, 12 cupcakes and 23 glasses of lemonade were sold. These goods cost $44 for the raw ingredients, and they sold for $79. What is the average profit per item?

Answer

Total profit ($35) divided by total items (70) yields the answer of $0.50 profit per item.

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Question

Marker ColorsStudents
Blue13
Pink10
Orange5
Brown5
Green7

The above chart shows the number of students in a class who chose each of the five marker colors available.

What percentage of the class chose a green marker?

Answer

To figure out what percentage of the class chose green markers, you must first figure out what fraction of the class chose green markers. Then, you must convert that fraction into a percentage.

Figure out the fraction:

7 students chose green markers

40 students total

Fraction of students who chose green:

To convert this fraction to a percentage, you must multiply the fraction times 100, then divide the numerator by the denominator. You multiply the fraction times 100 because in order to figure out the percent, you must figure out what the fraction means "for (per) every hundred (cent)".

Multiply times 100

Therefore, the answer is .

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Question

The pie chart illustrates how Carla allocates her money each week.

If she spends $200 on groceries each week, how much does she spend on rent?

Answer

1. 20% of Carla's whole budget is equal to $200. With this information, one can find Carla's weekly budget.

Set up the equation: 0.2b = 200 (b = budget).

b = 200/0.2 = 1000 = Carla's weekly budget

2. To find the amount Carla spends for rent, one needs to find what 35% of $1000 is.

0.35 x 1000 = 350

3. Because Carla spends 35% of her total budget on rent, she spends $350 on rent.

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Question

The cost of manufacturing a single teddy bear is $6.25. A teddy bear company sells 200 bears for $1750. What is the profit percentage per single bear?

Answer

First we must find out what the price is for one teddy bear, manufactured by this company. Thus we divide 1750 by 200 and find that each bear costs $8.75. To find out the profit per bear, we divide 8.75 by 6.25 to arrive at 1.4. The bears are thus sold for 140% of what it costs to make them, giving a 40% profit.

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Question

Maria was shopping for a camera and found one that was on sale for 30% off. As she went to pay for it, the store announced an instant sale that took an additional 10% off all items. If the final price Maria paid was $207.27, what was the original price (before all discounts) of the camera?

Answer

To reconstruct an original price from a sale price, use:

Original Price – Original Price * Mark-down-percent = Sale Price, or

Original Price * (1 - Mark-down-percent) = Sale Price

To do a double mark-down problem, we must do this twice. For the 10%:

Original Sale Price * (1 – 10%) = $207.27

Original Sale Price = $207.27/0.9 = $230.30.

For the pre-all-discount price,

Original Price * (1 – 30%) = $230.30

Original Price = $230.30/0.7 = $329.00.

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Question

A craftsman builds a cabinet. He pays $250 to buy the wood and miscellaneous materials for the cabinet. He spends 20 hours building the cabinet. If he values his time at $40 per hour and expects a profit margin of 50% above labor and materials, how much should he charge for the cabinet?

Answer

Total Cost = Material Cost + Labor Cost + Profit

Labor Cost = $40/hour * 20 hours = $800

Profit Margin of 50% = Cost x 0.50 = $1050 x 0.50 = $525

Total Cost = $250 + $800 + $525 = $1575

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Question

Each wooden chair that a carpenter makes requires $20 worth of supplies. He then sells the chairs for $50 each. The carpenter recently discovered a new supplier that would allow him to spend 25% less on supplies. If he doesn't change his selling price, by what percent could the carpenter increase his profit by using the new supplier?

Answer

Using $20 worth of supplies and selling the chairs for $50 each, the carpenter is originally making a profit of $30 per chair.

The new supplier would reduce costs by 25% or 1/4. One-fourth of $20 is $5, so the new supplier would be $5 less, or $15.

If the selling price is the same ($50), then the carpenter would now make a profit of $35 per chair, a change of $5.

To calculate percent increase, divide the actual change in profit by the original profit amount, and multiply the result by 100%:

(Actual Change ÷ Original Amount) * 100% = 5/30 * 100% = 500%/30 = 16.7%

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Question

A sunglasses kiosk at the mall makes a $50 profit for every 6 pairs of sunglasses it sells. How many pairs of sunglasses must it sell to earn $1000 profit?

Answer

Divide the profit per 6 pairs into the total desired profit $1000/$50 = 20.

Multiply 20 by 6 sunglasses = 120 sunglasses. Or use 6/50 = x/1000 and solve for x.

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Question

Ricky works at a shoe shop, and earns $40 in commission for each pair of shoes he sells plus a $100 weekly salary. If Ricky receives no other money, which of the following expressions represents the total dollar amount Ricky receives for a week in which he sells n shoes?

Answer

If Ricky sells n shoes in a week, he earns $40_n_ in commission. His salary is a constant $100 per week, so his total payout is $100 + $40_n._

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Question

An entrepreneur started a company making floggles. The factory requires $1000 worth of fixed expenses to keep it running every month. She is able to produce one floggle at the cost of $4 and sell one floggle at the cost of $6. If she produces and sells 500 floggles in one month, what is her profit?

Answer

Profit = Income - Expenditures

Income = $6/floggle times 500 floggles = $3000

Expenditures = $1000 + $4/floggle times 500 floggles = $1000 + $2000 = $3000

Profit = 3000 - 3000 = 0

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