594 CHAPTER 10 Consumer Mathematics 60. Employee Increase The Fastlock Company hired 57 new employees, which increased its staff by 30%. What was the original number of employees? 190 employees 61. Salary Increase Jessup’s present salary is $39,500. He is getting an increase of 7% in his salary next year. What will his new salary be? $42,265 62. Salary Increase Maya’s present salary is $42,500. As part of a promotion her salary will increase by 4% next year. What will Maya’s new salary be? $44,200 63. Vacuum Cleaner Sales A Kirby vacuum cleaner dealership sold 430 units in their first year of business and 407 units in their second year of business. Determine the percent increase or decrease in the number of units sold. 5.3% decrease 64. Television Sale The regular price of a Phillips color TV is $539.62. During a sale, Hill TV is selling the TV for $439. Determine the percent decrease in the price of this TV. 18.6% decrease 65. Soccer Ball Markup The cost of a soccer ball to Soccer Line Sports Goods is $35. They sell the same soccer ball for $49. Determine the percent markup in the price of the soccer ball. 40% 66. Restaurant Markup The cost of a fish dinner to the owner of the Golden Wharf restaurant is $13.30. The fish dinner is sold for $19.99. Determine the percent markup. 50.3% markup 67. Fireworks On July 5, a variety pack of fireworks at Big Sky Fireworks is marked down to $69. If Big Sky’s cost for the variety pack was $99, determine the percent markdown. 30.3% 68. Waterskis At the Labor Day sale, a pair of water skis at Busch’s Water Sports is marked down to $159. If Busch’s cost for the water skis is $199, determine the percent markdown. 20.1% 69. Business Down Payment As part of an agreement to purchase a car repair business, Mariel paid the previous owner a down payment of 25% of the purchase price and financed the balance with a small business loan. The purchase price of the business was $275,000. a) Determine the amount of the down payment. $68,750 b) Determine the amount of the small business loan. $206,250 70. House Down Payment While purchasing a house, Jada paid a down payment of 15% of the purchase price and financed the balance with a mortgage loan. The purchase price of the house was $310,000. a) Determine the amount of the down payment. $46,500 b) Determine the amount of the mortgage loan. $263,500 Concept/Writing Exercises 71. Reselling a Car Quincy purchased a used car for $1000. He decided to sell the car for 10% above his purchase price. Quincy could not sell the car so he reduced his asking price by 10%. If he sells the car at the reduced price, will he have a profit or a loss or will he break even? Explain how you arrived at your answer. He will have a loss of $10. 72. Furniture Sale Kane’s Furniture Store advertised a table at a 15% discount. The original selling price was $115, and the sale price was $100. Was the sale price consistent with the ad? Explain. The sale price is not consistent with the ad. The sale price was $2.25 higher than it should have been. Challenge Problems/Group Activities 73. Comparing Markdowns a) The regular price of a chair is $189.99. Determine the sale price of the chair if the regular price is reduced by 10% and this price is then reduced another 15%. $145.34 b) Determine the sale price of the chair if the regular price of $189.99 is reduced by 25%. $142.49 c) Which is the bigger discount, part a) or part b)? b) 74. In parts (a) through (c), determine which is the greater amount and by how much. a) $100 increased by 25% or $200 decreased by 25%. $200 decreased by 25% is greater by $25. b) $100 increased by 50% or $200 decreased by 50%. $100 increased by 50% is greater by $50. c) $100 increased by 100% or $200 decreased by 100%. $100 increased by 100% is greater by $200. Research Activity 75. Circle Graphs Find two circle graphs whose data are not given in percents. Redraw the graphs and label them with percents. 76. U.S. President Salaries Determine the annual salary for the president of the United States for the years 1789, 1873, 1909, 1949, 1969, and 2001. Determine the percent increase each time Congress increased the presidential salary. R A Rayworth/Alamy Stock Photo Gorodenkoff/Shutterstock
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