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find the percent of change. 4. january 2006 salary: $600/week january 2…

Question

find the percent of change.

  1. january 2006 salary: $600/week

january 2007 salary: $630/week

  1. number of words in the first draft of an essay: 1032

number of words in the final draft of an essay: 774

  1. a shoe store marks up the price of a pair of boots that cost the store $44.00 by 45%. what is the markup and new price of the pair of boots?
  2. a real estate agency is selling a house at 22% off the original cost of $344,000. what is the discount and new price of the house?
  3. a weightlifter can lift 90 pounds. after six months he can lift 125 pounds. what is the percent of increase in the amount of weight he can lift?
  4. binders that originally sold for $4.95 each are now selling for $3.87 each. what is the percent of decrease in the price of the binders?

Explanation:

Response
Part a

Step1: Find the change in salary

The change in salary is the difference between the 2007 salary and the 2006 salary. So we calculate \( 630 - 600 \).
\( 630 - 600 = 30 \)

Step2: Calculate the percent of change

The formula for percent of change is \( \text{Percent of Change} = \frac{\text{Change}}{\text{Original Amount}} \times 100\% \). The original amount is the 2006 salary, which is \( \$600 \). So we substitute the values into the formula: \( \frac{30}{600} \times 100\% \).
\( \frac{30}{600} \times 100\% = 0.05 \times 100\% = 5\% \)

Step1: Find the change in the number of words

The change in the number of words is the difference between the first draft and the final draft. So we calculate \( 1032 - 774 \).
\( 1032 - 774 = 258 \)

Step2: Calculate the percent of change

Using the formula \( \text{Percent of Change} = \frac{\text{Change}}{\text{Original Amount}} \times 100\% \), where the original amount is the number of words in the first draft (\( 1032 \)). Substitute the values: \( \frac{258}{1032} \times 100\% \).
\( \frac{258}{1032} \times 100\% \approx 0.25 \times 100\% = 25\% \) (decrease)

Step1: Calculate the markup

The markup is \( 45\% \) of the cost price (\( \$44.00 \)). The formula for markup is \( \text{Markup} = \text{Cost Price} \times \text{Markup Rate} \). So we calculate \( 44 \times 0.45 \).
\( 44 \times 0.45 = 19.8 \)

Step2: Calculate the new price

The new price is the cost price plus the markup. So we calculate \( 44 + 19.8 \).
\( 44 + 19.8 = 63.8 \)

Answer:

The percent of change is \( 5\% \) (increase)

Part b