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After a \(20 \%\) reduction, you purchase a television for \(\$ 336\). What was the television's price before the reduction?

Short Answer

Expert verified
The price of the television before the 20% reduction was $420

Step by step solution

01

Identify what represents 100%

In this case, the objective is to find the original price of the television set before the reduction. So, the original price of the TV before the 20% reduction will be the 100% we are looking for.
02

Calculation of reversed percentage

As the TV has been bought for $336 after a 20% reduction, this means that $336 represents the remaining 80% of the original price because 100% - 20% = 80%.
03

Find the original price

To get the original price (100%) from the reduced price (80%), we can use the formula for finding the percentage of a number, rearranged as follows: (Original Price) = (Reduced Price) / (80%) = $336 / 0.8

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Mathematical Percentage Calculation
Understanding how to calculate percentages is vital in many aspects of mathematics and everyday life. A percentage is a way of expressing a number as a fraction of 100. To calculate a percentage of a number, you multiply the number by the percentage and then divide by 100. For instance, to find 20% of a number, you would calculate \( \frac{20}{100} \) times the number. This is often used to determine discounts, interest rates, and statistical data.

When working with percentage problems, it is important to identify what represents the total, or 100%. Once this is done, any other value can be expressed as a percentage of this total. An example of this method is when you have a discounted price, and you wish to find out the percentage discount given. You would calculate the discount amount, divide by the original price, and then multiply by 100 to get the percentage.

In educational settings, mathematical percentage calculations help students understand how to resize figures proportionally, compare different data sets, and much more. By grasping the concept of the percentage, students can apply this knowledge to solve a variety of problems.
Reverse Percentage Calculation
Reverse percentage calculation is used when you have the final amount after a percentage change and you want to find the original amount before the change occurred. This is the inverse process of the usual percentage calculation. To tackle a reverse percentage problem, it helps to start by considering what percentage the final amount represents after the change. If a price is reduced by 20%, for instance, the final price represents 80% of the original price, because a full price without any reduction would be 100%.

To calculate the original price or amount, one can use the formula: \( \text{Original Amount} = \frac{\text{Final Amount}}{\text{Percentage it represents as a decimal}} \). It is essential to convert the percentage to a decimal by dividing by 100 when using this formula.

Example:

If a television costs \(336 after a 20% reduction, then \)336 is 80% of the original price. To find the original price, we calculate \( \text{Original Price} = \frac{336}{0.8} \). Reverse percentage is commonly used for finding the pre-discount price of an item, the original salary before a raise, or the initial value of a depreciating asset.
Original Price Determination
Determining the original price of a product before a discount or price change is a practical application of reverse percentage calculation. It is a common real-world problem in shopping and budgeting. To work out the original price, you need to know what part of the original price the current price represents after the reduction. Once you have determined that the current price is, say, 80% of the original price after a 20% discount, you can employ the reverse percentage formula.

Steps for Determining Original Price:

  • Understand what percentage of the original price the final price represents (after the discount).
  • Translate this percentage into a decimal to use it in the reverse percentage formula.
  • Divide the discounted price by the decimal to find the original price.
In the example of the television with a final price of $336 after a 20% discount, you would divide 336 by 0.8 (since 20% reduction implies the final price is 80% of the original). This gives you the original price before the reduction. Knowledge of determining the original price can help consumers make informed decisions about their purchases and understand how discounts affect their spending.

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