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Shoe Store Sale: Brand A vs. Brand B

The document contains several math word problems involving calculations of discounts, sales tax, interest, ratios, and hire purchase plans. It provides the calculations and answers for each problem. The high-level information is that it presents 8 math word problems involving various financial calculations and provides the work and solutions for each one. It demonstrates how to set up and solve different types of math word problems involving monetary values, percentages, interest, ratios and multi-step calculations.

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Melinda James
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16 views6 pages

Shoe Store Sale: Brand A vs. Brand B

The document contains several math word problems involving calculations of discounts, sales tax, interest, ratios, and hire purchase plans. It provides the calculations and answers for each problem. The high-level information is that it presents 8 math word problems involving various financial calculations and provides the work and solutions for each one. It demonstrates how to set up and solve different types of math word problems involving monetary values, percentages, interest, ratios and multi-step calculations.

Uploaded by

Melinda James
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1) Calculate the sales price of the following items:

a) 10% discount on a $70,000 motorbike.


10 70,000
100
× 1
= 7000

Discount = $7000
Sales Price =
70000
- 7000
63000

Sales Price = $63,000

b) 25% discount on a $3,000 glasses.


25 3000
100 × 1 = 750

Discount = $750.00
Sales price =
3000
- 750
2250
Sales Price = $2250
c) 12% discount on a $300 bicycle.
12 300
100 × 1 = 36

Discount = $36.00
Sales price =
300
- 36
264
Sales Price = $264.00

d) 5% sales tax on a $1260 cell phone.


1 63
5 1260
100
× 1¿
= 63
2 ¿

Sales Tax = $63.00


Sales Price =
1260
+ 63
1323
Sales Price = $1323
1
e) 12 2 % sales tax on a $5,600 washing machine.

12.5 5600
100
× 1
= 700

Sales Tax = $700


Sales Price =
5600
+ 700
6300
Sales Price = $6300
2) A shoe store was having a sale where 2 pairs of Brand A shoes cost
$23.10 and 3 pairs of Brand B shoes cost $35.85. Which brand is the
better buy?

Brand A
2 pairs = $23.10
1 pair of Brand A shoes =
11.55
23.10
2
= $11.55
1 Answer:
Brand B 2 pairs of Brand A shoes for $23.10 is
3 pairs = $35.85 the better buy because 1 pair costs
$11.55 which is cheaper than Brand B.
1 pair of Brand B shoes =
11.95
35.85
3
= $11.95
1
3) How much interest is earned on $124 at 4 % for one year?
P×R×T
SI = 100 =

1
124 × 4 ×1 124
100
= 25
= 4.96
25

Interest = $4.96

4) If a loan is taken out for $991 at 3% and costs $267.57, how long was
the loan for?
SI ×100
T= P×R

267.57 ×100
T= 991× 3 =

9
26757
2973 = 9 years
1

The loan was for 9 years.


5) Find the rate when $6,000 is deposited for 7 years and gains an
interest of $900.
SI ×100
R= P ×T

15
900 ×100 15 1
R= 6000× 7 = 7 =2 7 %
1

1
Rate = 2 7 %

6) Find the principal when a sum of money is deposited for 4 years at a


rate of 5 % and gains an interest of $400.
SI ×100
P= R×T

5
20
P= 400 ×100 = 2000
5×4
11
Principal = $2000
7) A sum of money is to be shared between Chris and Brittney in the
ratio 3:5. Chris received $120. How much money was shared altogether?
3 = $120
40
120
1= 3 = $40
1

3+5 = 8 is the total amount.


$40 × 8 = $320

Answer: $320 was shared altogether.

8) Julie purchased a used car on hire purchase. The cash price was
$8,500. To pay for the car Julie agreed to pay $1,500 deposit and $245
per month for 3 years. Calculate:
(i) The hire purchase

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