ACT Math : Percent of Change

Study concepts, example questions & explanations for ACT Math

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Example Questions

Example Question #1 : Percent Of Change

A manager of a pizzeria has five people on his staff. Three are full-time staff, each of whom received a starting salary of $25,000 annually for 40 hours of work per week. Each year they have worked at the pizzeria, their pay increases by 7%. Sally has worked at the pizzeria for one year, Nancy for two years and John for three years. The other two employees are part-time and are paid $8.25 per hour. Irene works 1,000 hours per year and Andrew works 700 hours per year. What is the pizzeria’s cost per year for staff salaries?

Possible Answers:

$84,275

$94,397.50

$96,872.50

$86,025

$92,525.50

Correct answer:

$94,397.50

Explanation:

It is important to remember that the employees who receive an annual increase (Sally, Nancy and John), receive the 7% increase based on the salary from the year before.

If you answered $89,025, you did not account for the 7% increase in salary for Nancy and John.

If you answered $89,525, you did not increase John's salary by 7% for the third year ($26,750 * 7% = $1,872.50 --- $1,872.50 + $26,750 = $28,622.50).

If you answered $91,275, you did not account for the 7% to be applied to John's second year salary; rather, you added the dollar increase ($1750) that he received between his first and second year and added it to his second year salary.  

If you answered $93,872.50, you accounted for both part-time employees working 1,000 hours. Therefore, the correct answer is $94,397.50.

Example Question #2 : Percent Of Change

Ben and Sam have a furniture design business.  The first year they earn $10,000 in profits.  The second year they earn $12,000 in profits.  What is the percentage increase in profit between year one and two?

Possible Answers:

2%

12%

10%

25%

20%

Correct answer:

20%

Explanation:

Percentage Increase = (Year Two Profit – Year One Profit) / Year One Profit

= ($12,000 - $10,000) / $10,000 = $2000 / $10,000 = .2 = 20%

Example Question #2 : Percent Of Change

Truck A has a length of 8'3" (8 ft. and 3 inches).  Truck B has a length of 14'5".

What is the percentage increase in length going from Truck A to Truck B?

 

Possible Answers:

66.53

74.74

35.42

79.11

Correct answer:

74.74

Explanation:

Find a common unit—in this case it is inches. The increase is from 99” to 173”.  To find the percentage increase we find the difference and then divide by the length of Truck A.

\(\displaystyle \frac{173-99}{99}=\frac{74}{99}\approx 0.7474\) 

 

or 74.74%

 

 

 

 

Example Question #4 : Percent Of Change

Danielle has two jobs.  Her retail job pays her $8.50 per hour and she works 20 hours per week in that job.  Her office job pays her $12 per hour and she works 15 hours per week in the office.  If she starts working an extra 10 hours a week at her office job, what is her percentage increase in total weekly pay? Round to one decimal point.

Possible Answers:

22.9%

40.0%

25.7%

34.3%

33.4%

Correct answer:

34.3%

Explanation:

Pay = Hours worked x Rate per hour

Retail job = 20 x $8.50 = $170.00

Office job = 15 x $12.00 = $180.00

Current weekly pay = $170.00 + $180.00 = $350.00

Additional Office job hours = 10 x $12.00 = $120.00

Percentage Increase = $120 / $350 = .343 (rounded) --> 34.3%

Example Question #1 : How To Find The Percent Of Increase

A university has \(\displaystyle 570\) students currently enrolled in its freshman class. Last year, there were only \(\displaystyle 500\) freshman enrolled at the school. By what percentage did the number of students in the freshman class increase?

Possible Answers:

\(\displaystyle 14\%\)

\(\displaystyle 11\%\)

\(\displaystyle 10\%\)

\(\displaystyle 13\%\)

\(\displaystyle 12\%\)

Correct answer:

\(\displaystyle 14\%\)

Explanation:

To find the percentage increase, use the following formula:

Increased # of students this year / # of students last year

If there were \(\displaystyle 500\) students last year, and this year there are \(\displaystyle 570\), the number of students increased by \(\displaystyle 70\).  Then, knowing this, you can find what percentage of the original number (\(\displaystyle 500\)) \(\displaystyle 70\) represents.

Therefore:

\(\displaystyle \frac{570-500}{500} = \frac{70}{500}=\frac{14}{100}=0.14\)

The number of students increased by \(\displaystyle 14\%\).

Example Question #3 : Percent Of Change

Thurman is given \(\displaystyle \$ 100\). Each day, he gains \(\displaystyle 1 \%\) on this dollar amount, then loses \(\displaystyle 1 \%\) of his total each night. If Thurman gains no other money, what will eventually happen to the total amount of money?

Possible Answers:

It will remain the same over time.

It will first decrease, then increase.

It will increase exponentially over time.

It will decrease over time.

It will increase linearly over time.

Correct answer:

It will decrease over time.

Explanation:

To find out which option is correct, simply follow one complete cycle (that is to say, one day's worth of actions).

We will use \(\displaystyle x\) to represent the initial amount.

\(\displaystyle x \cdot 1.01 = 1.01x\) First, increase by \(\displaystyle 1 \%\).

\(\displaystyle 1.01x \cdot .99 = .9999x\) Next, decrease by \(\displaystyle 1 \%\).

So, after each cycle, the total amount of money decreases by \(\displaystyle .0001 \%\). Eventually therefore, the money will run out.

Example Question #4 : Percent Of Change

On a given day, the temperature ranges from a low of \(\displaystyle 15 ^{\circ} C\) to a high of \(\displaystyle 22^{\circ} C\). What is the percent increase of temperature from the day's low to high temperature? Round to the nearest integer.

Possible Answers:

\(\displaystyle 47 \%\)

\(\displaystyle 58 \%\)

\(\displaystyle 51 \%\)

\(\displaystyle 39 \%\)

\(\displaystyle 62 \%\)

Correct answer:

\(\displaystyle 47 \%\)

Explanation:

To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative.

\(\displaystyle T_{change} = 100 \cdot \frac{T_2-T_1}{T_1} = 100 \cdot \frac{22-15}{15} = 46.66 \% \approx 47 \%\)

Thus, there was a \(\displaystyle 47 \%\) increase in temperature that day.

Example Question #5 : Percent Of Change

What is the percent increase from \(\displaystyle 18 \%\) of a number to \(\displaystyle 40 \%\) of that same number?

Possible Answers:

\(\displaystyle 22 \%\)

\(\displaystyle 122 \%\)

\(\displaystyle 35 \%\)

\(\displaystyle 12 \%\)

\(\displaystyle 18 \%\)

Correct answer:

\(\displaystyle 122 \%\)

Explanation:

To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative. In this case, don't forget \(\displaystyle x\):

\(\displaystyle T_{change} = 100 \cdot \frac{T_2-T_1}{T_1} = 100 \cdot \frac{.40x-.18x}{.18x} = 122.22 \% \approx 122 \%\)

Example Question #6 : Percent Of Change

The price of a particular metal raises from \(\displaystyle \frac{\$ 5.52}{oz}\) to \(\displaystyle \frac{\$ 6.17}{oz}\). What percent increase did the price see?

Possible Answers:

\(\displaystyle 44 \%\)

\(\displaystyle 50 \%\)

\(\displaystyle 23 \%\)

\(\displaystyle 68 \%\)

\(\displaystyle 12 \%\)

Correct answer:

\(\displaystyle 12 \%\)

Explanation:

To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative.

\(\displaystyle T_{change} = 100 \cdot \frac{T_2-T_1}{T_1} = 100 \cdot \frac{6.17-5.52}{5.52} = 11.7 \% \approx 12 \%\)

Example Question #7 : Percent Of Change

A particular stock gains \(\displaystyle 20 \%\) on its price on Tuesday. On Wednesday, it loses \(\displaystyle 12 \%\) of its new price. On Thursday, it gains \(\displaystyle 4 \%\) on Wednesday's price. What is the percent increase at the close of business Thursday, compared to the opening price on Tuesday? Do not round until the final answer.

Possible Answers:

\(\displaystyle 10 \%\)

\(\displaystyle 12 \%\)

\(\displaystyle 18 \%\)

\(\displaystyle 14 \%\)

\(\displaystyle 16 \%\)

Correct answer:

\(\displaystyle 10 \%\)

Explanation:

To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative. In this case, to keep our amount constantly compared to Tuesday, set Tuesday's price as a variable.

\(\displaystyle x \cdot 1.2 = 1.2x\) On Tuesday, gain 20 percent.

\(\displaystyle 1.2x \cdot .88 = 1.056x\) On Wednesday, lose 12 percent (thus, multiply by 88 percent).

\(\displaystyle 1.056x\cdot 1.04 = 1.09824x \approx 1.10x\) On Thursday, gain 4 percent.

Thus, our final gain relative to Tuesday is \(\displaystyle 10 \%\).

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