### Numeracy Basics | Percentages

## Activity One

Please note that you should attempt to work through these problems yourself first, before you look at the solutions. When you have completed the problem and are ready to compare your solution, click on the 'Show solution' link provided.

**Determine percentages of quantities as specified in the problems below:**

a. A product that cost $250 last year has now increased in price by 15%. What is the dollar value of this price increase?

15 ÷ 100 x $250 = $37.50 price increase

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b. The number of sales of a particular item are expected to decrease by 8%. Given that the number of sales was originally 500, how many less sales can be expected?

8 ÷ 100 x 500 = 40 less sales can be expected

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c. How much commission can a sales rep expect on an item sold for $340, given that the rate of commission is 12.5%?

12.5 ÷ 100 x $340 = $42.50 commission can be expected

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d. An asset originally worth $52 300 is determined to have depreciated by 23%. How much has the value of the asset decreased by?

23 ÷ 100 x $52 300 = $12 029 reduction in value

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