Multi-step percentage problems involve more than one percentage calculation. You might need to find a percentage of a number, then add or subtract that amount to find a new value, and repeat. These problems often appear in real-life situations like calculating discounts, sales tax, or interest. Mastering these skills helps you make informed financial decisions.
To solve these, read the problem carefully, identify the steps needed, and perform each calculation one at a time. Always double-check your work to ensure accuracy!
Match the terms with their definitions:
| Term | Definition |
|---|---|
| 1. Discount | A. The original price of an item before any reductions. |
| 2. Sales Tax | B. An amount added to the price of goods or services, usually a percentage of the selling price. |
| 3. Principal | C. A reduction in the price of an item. |
| 4. Interest | D. The initial amount of money borrowed or invested. |
| 5. Original Price | E. A fee paid for the use of borrowed money, or earned on invested money. |
(Answers: 1-C, 2-B, 3-D, 4-E, 5-A)
Complete the following paragraph with the correct words:
When calculating a _______, you are finding a percentage of the original price and _______ it from the original price. _______ is an additional cost added to the price, calculated as a _______ of the selling price. Understanding these concepts helps in managing your _______ and making informed decisions.
(Answers: discount, subtracting, Sales tax, percentage, finances)
Explain a real-life scenario where understanding multi-step percentage calculations is important. Provide a detailed example.
(Example Answer: When shopping for clothes during a sale, you might see an item with a discount, and then sales tax is applied. Knowing how to calculate both helps you determine the final price you'll pay.)
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