Real Life Percents

What type of problem is this?

A college student takes out a $7,500 loan from a bank. Assuming the student has not made any payments yet, what will the balance of the loan be after one year if the bank charges 3.8% interest each year?

• Find the Percent

• Find the Total

• Find the Amount

Now that you know it is Find the Total, what equation would we use?

A college student takes out a $7,500 loan from a bank. What will the balance of the loan be after one year if the bank charges 3.8% interest each year?

Now use that equation to solve the problem.

A college student takes out a $7,500 loan from a bank. What will the balance of the loan be after one year if the bank charges 3.8% interest each year?

What percent is the same as a 12% markup on the price of an item?

• 12%

• 112%

• 88%

Joe’s jackets store purchases a jacket for $45 and adds a 12% markup to make a profit. How much will Joe sell the jacket for?

What decimal is the same as a 25% discount (decrease)?

• 0.25

• 0.75

• 1.25

Violet’s Flower Shop sells valentines bouquets at at 25% discount the day after Valentine’s day. If a dozen roses originally cost $30, how much would you pay for them February 15th?

How do you solve a Find the Percent problem? (Mark all that apply)

•  $\frac{change}{original\ amount}$  

•  $\frac{tax\ amount}{original\ amount}$  

•  $\frac{commission}{original\ amount}$  

How much did the price change?

The original price of a bicycle was $375. Now it is on sale for $318.75.

The original price of a bicycle was $375. Now it is on sale for $318.75. What percentage of the original price was the discount?