Percentage Word Problems Mastery

This video is part of a series aimed at helping viewers prepare for aptitude tests like the Civil Service Exam, focusing on percentage word problems, specifically discounts and markups. The instructor explains the traditional method for solving these problems, highlights common mistakes, and provides the correct formula for accurate calculations. Sample problems are provided for practice, and viewers are encouraged to subscribe for more content.

Why is it important to learn percentage word problems for exams?

• They are useful in everyday life.

• They are only important for sales jobs.

• They are frequently tested in exams.

• They help in understanding complex math concepts.

What is the traditional method for solving markup problems?

• Using a calculator to find the new price.

• Memorizing and applying a specific formula.

• Guessing the new price based on experience.

• Using a computer program to calculate the price.

What is a common mistake when solving discount problems?

• Using the wrong units.

• Not using a calculator.

• Using the same method for all percentage problems.

• Forgetting to add the markup.

What is the correct formula for calculating the new price after a markup?

• New price = Original price / Rate

• New price = Original price * Rate

• New price = Original price + (Original price * Rate)

• New price = Original price - (Original price * Rate)

In the example problem, what is the new price of a bag after a 10% markup if the original price is 4700?

• 4700

• 517

• 5170

• 470

What is the original price of a pair of shoes if the discounted price is 3750 and the discount is 25%?

• 5000

• 3750

• 3000

• 2500

What is the key to mastering percentage word problems according to the video?

• Practicing regularly.

• Watching more videos.

• Memorizing all formulas.

• Using a calculator.