The price for a leather bag went up by 10%. If the old price used to be 150 pesos, what is its current price?


Sagot :

Given: Php 150 = old price
           10% up = current price

Asked: If the old price used to be 150 pesos, what is its current price?

Find: Current price

Solution: 150 + its 10%
              150 + 10% of 150
              150 + (0.10 x 150)
              150 + 15
              165

Answer: The current price of the leather bag is Php 165.

Given:
               Old price of the leather bag = P 150
               Increase of the price in percentage = 10%

Find:   Current Price or the Final Price of the leather bag

Solution:
  
    Since it says, "went up" so we add the percentage.
To solve this:

Step 1:  We add 10% to 100%.

Step 2: Change the sum of Step 1 in decimal form.
 (To change to decimal form, divide by 100, then change the percent symbol to decimal point.)

Step 3: Multiply the value obtained in Step 2 by the old price.

Step 1:  100% + 10%  = 110%

Step 2:  110% ÷ 100 =  1.1

Step 3:  1.1     x    P 150
              P 165

Answer:
              The current price of the leather bag is P 165.