Review the key concepts, formulae, and examples before starting your quiz.
🔑Concepts
Reverse percentages are used to find the original amount (the ) after a percentage increase or decrease has been applied.
The fundamental principle is that the new value is a specific percentage of the original value. For an increase of , the new value is of the original. For a decrease of , the new value is of the original.
A common error is calculating the percentage of the new value and adding or subtracting it. This is incorrect because the percentage was originally applied to the old value.
The most efficient way to solve these is using the multiplier method. Divide the new amount by the decimal multiplier to find the original amount.
📐Formulae
💡Examples
Problem 1:
A pair of shoes is sold for Rs 2550 after a discount. Calculate the original price of the shoes.
Solution:
- Identify the percentage remaining: So, Rs 2550 represents of the original price.
- Find the decimal multiplier:
- Calculate the original price:
Explanation:
Since there was a discount, the customer paid of the original price. Dividing the sale price by reverses the percentage change to find the value.
Problem 2:
The population of a town increased by to . What was the population before the increase?
Solution:
- Express the new population as a percentage of the original:
- Find the multiplier:
- Solve for original value:
Explanation:
The current population represents of the original. By dividing the current population by , we determine the base value before the growth occurred.
Problem 3:
A jeweler sells a ring for Rs 1260, which includes a profit of . Find the cost price for the jeweler.
Solution:
- The selling price is of the cost price.
- Multiplier .
- Cost Price:
Explanation:
Profit is added to the cost price. If the profit is , the selling price is of the cost price (). We divide the selling price by the multiplier to find the original cost.