Chapter 03 Percentages (2) Quiz 03-0

F.3_____ Name:__________________________________________________( ) Marks:_____/ 20

1. If the bus fare is increased from $4 to $5, then the 3 6. An article has cost price at $10 000. If the
percentage increase of the fare is 4.(a) Express the fraction 4 into percentage. shopkeeper raises it by 40% and set as the marked
(b) Express 125% as decimal number. (2 marks) price, and sold it at a discount of 10% off. Find the
(a) marked price ( )
A. 20% 3 (b) discount ( )
(a) 4 = 75%
B. 25% (c) selling price ( )
C. 80% (d) profit / loss ( ／ )
(e) profit / loss percentage. (10 marks)
D. 125%
(b) 125% = 1.25
(a) Marked price = $10 000 (1 + 40%)
2. Peter sold two flats for $999 999 each. He lost 10% on
one and gained 10% on the other. After the two = $14 000
transactions, Peter

A. gained $10 101 (b) Discount = $14 000 × 10%

5. Evaluate 150% × 150% – 1 + 20%
B. gained $20 202 and express the answer in percentage. (3 marks) = $1 400
C. lost $10 101
D. lost $20 202 150% × 150% 1 10% = 1.5 × 1.5 1 0.2
(c) Selling price = $14 000 ( 1 – 10%)
2 = 2.25 – 1 + 0.2
3. Solve 1 + x% = 4 (3 marks) = $12 600
= 1.45
2
1 + x% = 4 = 145%
(d) Profit = $12 600 $10 000
2 = 4(1 + x%)
= $2 600
1 + x% = 0.5
2 600
(e) Profit percentage = 10 000 × 100%
x% = –0.5

x = –50 = 26%
Chapter 03 Percentages (2) Quiz 03-1
F.3_____ Name:__________________________________________________( ) Marks:_____/ 28
1. By selling an article at 10% discount off the marked 4. If A is 30% greater than B and B is 30% less than C, 6. John's daily working hours have increased from
price, a shop still makes 20% profit. If the cost price then 8 hours to 10 hours but his hourly pay has
of the article is $19 800, then the marked price is decreased by 25%. Find the percentage change in
A. A is 9% less than C John's daily income.
B. C is 9% less than A
A. $21 600
C. A = C A. A decrease of 6.67%
B. $26 136
D. A is 9% greater than C B. A decrease of 6.25%
C. $26 400
E. C is 9% greater than A C. 0%
D. $27 225
D. An increase of 6.67%
E. $27 500
5. Benjamin is 16% lighter than Alice and Carmen is 7 The length ( 度) of a rectangle ／
20% heavier than Benjamin. Comparing with Alice, is increased by 20% and the area ( ) has
2. If a flat is sold for $720 000, the gain is 20%. Find the Carmen is lighter or heavier, and by what an increase of 2%. Find the percentage change in
percentage loss if the flat is sold for $540 000. percentage? (5 marks) the breadth ( 度) of the rectangle. (5 marks)
Let Alice weigh x kg. Let the original length and breadth of the rectangle
A. 5%
1 be l cm and b cm respectively.
B. 64 % Benjamin weighs x (1 – 16%) kg
C. 10% = 0.84x kg
1 Original Final
D. 119 %
Carmen weighs 0.84x (1 + 20%) kg
1 Length l cm l (1 + 20%) cm = 1.2l cm
E. 333 %
= 1.008x kg
Breadth b cm ?
Carmen is heavier than Alice by 0.8%
3. Peter sold two flats for $999 999 each. He lost 10% on Area lb cm2 lb (1 + 2%) cm2 = 1.02lb cm2
one and gained 10% on the other. After the two
transactions, Peter
New breadth = 1.02lb 1.2l cm
A. gained $10 101 = 0.85b cm

B. gained $20 202

ie. Percentage decrease of breadth is 15%
C. lost $10 101
D. lost $20 202
Chapter 03 Percentages (2) Quiz 03-2
F.3_____ Name:__________________________________________________( ) Marks:_____/ 27
1. Find, correct to the nearest dollar, the compound 4. Alice deposited $25 000 in a 2-year fixed deposit 5. What is the amount and the simple interest received
interest on $10 000 at 8% p.a. for 4 years, account (兩 款戶 ) at 6% p.a. for 6 years. on $100 for 6 months at 3% p.a.? (2 marks)
compounded half-yearly. Find the total amount if
Amount = $100 (1 + 3% × 0.5)
(a) the interest due ( 息) is taken out at the
A. $3 200 end of each period, and = $101.5
B. $3 605 (b) the interest due at the end of each period is
C. $3 686 compounded with the principal (本 ) for the Simple interest = $1.5
D. $13 200 next period. (6
E. $13 686 marks)

For a 2-year fixed deposit account at 6% p.a., the

interest rate is 12% for each period.
2. A sum of $10 000 is deposited at 4% p.a., compounded 6. A sum of $1 000 000 is invested at 6% p.a. for
yearly. Find the interest earned in the second year. 2 years. Find the total amount and the compound
(a) If the interest due is taken out at the end of each interest received if interest is compounded
A. $16 quarterly ( 息每 以複 計算).
period, the interest is simple interest.
B. $400 (Give the answer correct to the nearest $10.)
C. $416 Total amount = $25 000 (1 + 3 × 12%) (4 marks)
D. $800 = $34 000
E. $816
If interest is compounded quarterly, the interest rate
(b) If the interest due is compounded with the is 1.5% for each period.
principal for the next period,
3. The simple interest on a sum of money at r% p.a. for 4 total amount = $25 000 (1 + 12%)3 Total amount = $1 000 000 (1 + 1.5%)8
years is equal to the compound interest on the same
amount at 4% p.a. for 4 years compounded half-yearly. = $35 123.2 $1 126 490
The value of r, correct to 2 significant figures, is
NB. Compound interest will be calculated only Compound interest $126 490
A. 2.1
when the deposit period has completed.
B. 4.2
C. 4.3 If the same amount of money is deposited in the
D. 9.2 same fixed deposit account for 7 years, the total
amount should be the same as that in (b).
Chapter 03 Percentages (2) Quiz 03-3
F.3_____ Name:__________________________________________________( ) Marks:_____/ 15
1. A man borrows $10 000 from a bank at 12% per 4. If the circumference of a circle is increased by 40%, 7. The value of a watch at present is $960. One year
annum compounded monthly. He repays the bank then the area of the circle is increased by ago, its value was $1 200.
$2000 at the end of each month. How much does he (a) Find the depreciation factor ( ).
still owe the bank just after his second repayment? A. 18% (b) Suppose the value of the watch decreases with
B. 20% the same depreciation factor each year, find its
A. $6 181 C. 40% value 4 years later.
B. $6 200 D. 96% (Give the answer correct to the nearest dollars.)
C. $6 201 (4 marks)
D. $8 304 960
(a) Depreciation factor = 1 200
E. $8 400 5. A man bought a box of 200 apples for $500. 10 of the
apples were rotten and the rest were sold at $4 each. = 0.8
Find his percentage profit correct to 2 significant
figures. (b) Value after 4 years
2. If a is 10% less than b and b is 10% greater than c, = $960 (0.8)4
then a : c = A. 34% $393
B. 38%
C. 52%
A. 1 : 1 D. 57%
B. 9 : 10 E. 60%
C. 10 : 9
D. 99 : 100 6. The population (人 ) of a city is originally 4 800 8. At the beginning of 2010, the value of a flat was
E. 100 : 99 000. If the population decreases steadily at a rate of $4 000 000. If the value of the flat increases by 5%
25% each year, what will be the population after 3 each year, what will be its value correct to the
years? nearest thousand dollars at the end of 2014?
(2 marks) (4 marks)
Population after 3 years Value of the flat at the end of 2014
3. If the price of a magazine is 60% higher than the price
= 4 800 000 (1 – 25%)3 = $4 000 000 (1 + 5%)5
of a newspaper, then the price of the newspaper is
= 2 025 000 $5 105 000
A. 37.5% lower than the price of the magazine
B. 40% lower than the price of the magazine
C. 60% lower than the price of the magazine
D. 62.5% lower than the price of the magazine
 Chapter 03 Percentages (2) Quiz 03-S
F.3_____ Name:__________________________________________________( ) Marks:_____/
1. An owner of a house receives an annual rent of 3. The gross profits (總 入 息 ／ ) of a firm are 4. The daily wage of Ada is 20% higher than that of
$96 000, and he has to pay the Property Tax ( $12 340 000 while its operating expenses (可 Billy while the daily wage of Billy is 20% lower than
稅). Find ) are $3 700 000. Find that of Christine. It is given that the daily wage of
(a) the allowance ( 及 的 稅額), and (a) the net profits ( ), and Billy is $480.
(b) the Property Tax payable, if the Property Tax rate (a) Find the daily wage of Ada.
(b) the Profits Tax payable if
is 15%. (4 marks) (b) Who has the highest daily wage? Explain your
(1) it is a corporation ( ／﹙ ﹚有 公
answer. (4 marks)
司).
(a) Allowance = $96 000 × 20%
(2) it is an incorporated business ( 以 的人
= $19 200 ／非﹙ ﹚有 公司). (a) Daily wage of Ada = $480 × (1 + 20%)
(Profits Tax rates is 16.5% for corporations, and 15%
for an unincorporated business.) (6 marks) = $576

(b) Property Tax payable (a) Net profits = $12 340 000 - $3 700 000
does
= $96 000 × (1 – 20%) × 15% = $8 640 000 (b) Daily wage of Christine = $480 (1 – 20%)

= $11 520 = $600

(b)(1) Profits Tax payable for corporation Christine has the highest daily wage.

= $8 640 000 × 16.5%

2. The owner of a flat, with the rateable value $60 000,
lives in and does not rent it out. Find the Property
= $1 425 600
Tax payable, if the Property Tax rate is 15%.
(2 marks)

As the owner does not rent it out, (2) Profits Tax payable for an incorporated business

Property Tax payable = $0 = $8 640 000 × 15%

= $1 296 000
[CE03-A(1)-05] [CE06-A(1)-06] [CE93-A01]
A handbag costs $400. The marked price of the handbag The weight of Tom is 20% more than that of John. It is What is the simple interest on $100 for 6 months at 3%
is 20% above the cost. It is sold at a 25% discount on the given that Tom weighs 60 kg. p.a.? (1 mark)
marked price. (a) Find the weight of John.
(a) Find the selling price of the handbag. (b) The weight of Susan is 20% less than that of Tom.
(b) Find the percentage profit or percentage loss. Are Susan and John of the same weight? Explain Simple interest
(4 marks) your answer. (4 marks)
= $100 × 3% × 0.5
(a) Marked price (a) The weight of John
= $1.5
= $400 × (1 + 20%) = 60 (1 + 20%) kg

= $480 = 50 kg [CE04-A(1)-03]
A sum of $5 000 is deposited at 2% p.a. for 3 years,
Selling price compounded yearly. Find the interest correct to the
nearest dollar. (3 marks)
= $480 × (1 - 25%) (b) Weight of Susan

= $360 = 60 × (1 - 20%) kg
Amount
= 48 kg
= $5 000 × (1 + 2%)3
(b) Percentage loss Susan and John are not of the same weight.
= $5 306.04
400 - 360
= 400 × 100%

= 10% Interest

= $5 306.04 - $5 000

= $306 (correct to the nearest dollar)