In percent of change problems, some quantity either increases
or decreases from its original number; we must find the percent of change
from the original number to the new number. We'll look at a problem and
solve it using two different methods.
Frank bought a new television set on sale. If the TV's original price was $200 and Frank paid $170 for the TV, what was the percent of decrease?
Method 1: A pure algebraic approach
The unknown in this problem is the percent of decrease. A percent of decrease is the percentage of the original price that was deducted from the original price to obtain the sale price. We could write a "word equation" for this process like this:
original price - (percent of decrease)(original price) = sale price
Since the percent of decrease is the unknown in this problem,
we'll call the percent of decrease x%.
Here's what we know so far:
The sale price was $170
The percent of increase was x%
200 - (x%)(200) = 170
What do we do with the percent sign in this equation?
"Percent" means "out of 100", so x% means x out of 100, or .
Now we have this:
200 - (200)
= 170
Now we'll solve our equation:
200 - (200)
= 170
200 - 2x = 170
-2x = -30
x = 15
So the percent of decrease is 15%
Method 2: A method involving pure arithmetic.
If we know the original price and the sale price, we can find the percent of decrease in two steps:
Let's use method 2 on the same problem:
Frank bought a new television set on sale. If the TV's original price was $200 and Frank paid $170 for the TV, what was the percent of decrease?
First, let's find the amount of decrease:
Next, we'll find the percent of decrease, and rewrite the decimal answer as a percent:
Before we leave the problem, let's check our answer:
Original price = $200
Price reduced by 15% of original price = 200(.15) = $30
Sale price would then be = $200 - $30 = $170
Our answer checks. We're done!