Effective Price Calculations and Discounts

The video tutorial covers converting fractions to percentages and vice versa, followed by solving word problems involving discounts and pay raises. It explains the process of converting 5/24 to a percentage, simplifying 16% to a fraction, calculating the original price of a TV from its sale price, determining a new hourly wage after a raise, and comparing bike prices with different markups and discounts.

What is the first step in converting a fraction to a percentage?

• Add 100 to the fraction

• Subtract the denominator from the numerator

• Convert the fraction to a decimal

• Multiply the fraction by 100

If 5/24 is converted to a decimal, what is the repeating part?

• 0.208

• 0.2083

• 0.20833

• 0.2083 repeating

How do you express 16% as a fraction in its simplest form?

• 2/25

• 16/100

• 4/25

• 8/50

What is the pre-sale price of a TV if the sale price is $195 after a 35% discount?

• $350

• $300

• $400

• $250

How do you calculate the new hourly rate after a 12% raise on $9.50?

• Add 12% of $9.50 to $9.50

• Multiply $9.50 by 0.12

• Add $1.12 to $9.50

• Multiply $9.50 by 1.12

What is the new hourly rate after a 12% raise on $9.50?

• $10.75

• $10.64

• $10.90

• $10.50

Store A marks up its bikes by 40%. What is the selling price if the cost price is $100?

• $140

• $150

• $160

• $170

Store B has a 250% markup and then offers a 60% discount. What is the effective selling price if the cost price is $100?

• $170

• $160

• $150

• $140

Which store offers a better deal if both have the same final selling price?

• Store B

• Store A

• Both offer the same deal

• Neither offers a good deal

What is the equivalent of a 60% discount in terms of the selling price percentage?

• 60% of the original price

• 40% of the original price

• 70% of the original price

• 80% of the original price