Question

DISCUSSION QUESTION WILL FAN AND MEDAL
When calculating the cost of a good or service, you often have to consider price markups and discounts. Consider these two statements regarding a discounted item:

The list price of the item is 80 percent of the original price.
The price of the item has been reduced by 80 percent.
Write a pair of linear equations using variables of your choice to prove that these two statements are not equivalent. Explain how a calculation for change in percentage (increase or decrease) is different from a calculation that involves multiplying by percentages.

Answer 1

Why is the wording of percentage problems so important? Give examples to illustrate your point.

Answer 2

are they both part of the same question

Answer 3

yes they are

Answer 4

@xavier123

Answer 5

I have the discussion questions and dropboxes to do before she will close me out of this class even though I'm passing.

Answer 6

list price = 0.80 X original price sale price = 0.20 X original price
the first one is a multiplication of the original price allowing it to increse in value.
100% - 80% (the reduction) = 20%
so the second one shows a of the price leaving the value at 20%
the wording is because if the were to reduce the price rater than multiply it they would not be making a profit

i hope this is clear

Answer 7

@mrb.x

Answer 8

what would the equations be?

Answer 9

@iYuko

Answer 10

@anthony1914

Answer 11

are you still there

Answer 12

yes