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What is the formula for “percentage increase”?
Calcuate the difference between the two prices shown
Divide the result by the original
Multiply by 100
Round up to what the question wants you to estimate (if there is no decimal place requirement, round up to the nearest whole number)

What is the formula for percentage increase (2)?
(Increased price - original)/original X 100

What is the formula for percentage decrease?
Calculate the difference between the two prices (EXCEPT, Original must go first before the new price because common sense)
Divide the result by original
Multiply by 100
Round up to what the question wants you to estimate (if there is no decimal place requirement, round up to the nearest whole number)

What is the formula for percentage decrease (2)?
(Original - decreased price)/original X 100

How do you calculate GST in a question where it states to “calculate the cost pre-GST?”
Calculate the difference (e.g. how much Joel paid - the amount he paid for certain products)
Divide the result by 1.10 (the GST number)


What formula would you start with to solve this kind of question?
Simple Interest


How would you continue solving this kind of question?
Subtract the deposit from the balance (in this case: RRP)
Multiply the instalments together (quantity X $amount), in this case: 24 X 30
That will be your interest (I).
From the instalments, determine what the “t” or “n” amount will be (in this case, 24 months = 2 years. t or n = 2)
Substitute the values in the equation
Solve for the unknown value
Once solved, multiply by 100
