# Percentage & Sales Story Problem

• MHB
• Cherished
In summary, a percentage is a way to express a fraction or portion of a whole as a number out of 100. It can be calculated by dividing the part by the whole and multiplying by 100. Common sales story problems involve finding the percentage increase or decrease in sales, determining the percentage of a certain product sold compared to total sales, and finding the percentage change in sales over a period of time. These problems can be solved by identifying relevant information and using the formula for percentage calculation. Percentages are useful for analyzing sales data, setting goals, and making decisions in business, marketing, finance, and everyday life. To improve skills in solving percentage and sales story problems, practice and familiarizing oneself with the formulas and different types of problems
Cherished
Andrew bought a camera on sale at a 20% discount. It was marked down from its regular price of $120. If there is an 8% sales tax on the sale price, how much did Andrew pay for the camera? That's pretty straight forward if you understand what percentages are! 20% of \$240 is 0.20 times 240= \$48. Since \$240 is discounted by that much, the sale price is \$240- 48= \$192. 8% of that sales price is 0.08 times \$192= \$15.36. Add that tax to the sales tax: \$192.00+ 15.36= \$207.36.

## 1. What is a percentage?

A percentage is a way of expressing a fraction or proportion as a number out of 100. It is often represented by the symbol "%". For example, if you have 20 out of 100 marbles, that would be written as 20%.

## 2. How do I calculate a percentage?

To calculate a percentage, divide the number you want to find the percentage of by the total and then multiply by 100. For example, if you want to find out what percentage of 200 is 50, you would divide 50 by 200 and then multiply by 100, giving you 25%.

## 3. What is a sales story problem?

A sales story problem is a type of word problem that involves using percentages to solve a real-world scenario related to buying or selling goods or services. These problems often involve calculating discounts, markups, or sales tax.

## 4. How can I use percentages in sales?

Percentages are commonly used in sales to calculate discounts or markups on products. For example, if a store is having a 20% off sale, you would calculate the discounted price by multiplying the original price by 0.8 (100% - 20%). Percentages can also be used to track sales growth or determine profit margins.

## 5. Why is it important to understand percentages in sales?

Understanding percentages in sales is important for both consumers and businesses. For consumers, it allows them to calculate discounts and make informed purchasing decisions. For businesses, it helps with pricing strategies and determining profit margins. Additionally, understanding percentages can help with financial planning and budgeting.

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