Lesson: Applied Arithmetic - 05t01

Percent Change Questions In-Format

[Page 5 of 36]
Task Now try an in-format question. Click on the correct response and then click Continue.

The retail price of a camera is discounted by the manufacturer by 20 percent. The new price of the camera is then discounted by another 20 percent during a store-wide sale. The original retail price of the camera was approximately what percent greater than the final sale price?

36%
40%
56%
60%
64%

Hint

Continue

There are no actual values given in this percent problem, so we'll begin by assuming that the original retail price of the camera was $100. So if that price is discounted by 20 percent, the new price of the camera is $80. If that price is then discounted by 20 percent, the final sale price of the camera is $80 - $16 = $64 (since 20% of 80 = 16).

Now read the question carefully: it asks what percent "greater" is the original retail price than the final sale price, so set up the numbers carefully:

Percent greater =

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