A reduction in the price of petrol by 10% enables a motorist to buy 5 gallons more for $180. Find the original price of petrol?
Here is a short-cut:
Since price decreased by 10% ( i e 1/10) so for same 180$,
quantity increase will be 11.11% (i e 1/9).
So the increase in quantity will be 1/9 of original which is given to be 5.
So original quantity was 5*9 = 45. Thus original price was 180$/45 = 4 $.
When ever there are problems involving change (like increase decrease) the numerator is either added or substracted from the denominator to change base. Ex. SP = 600$. Profit % = 20%. Now, Profit in $ ? Profit % is calculated on CP.
Profit% = (P*100/CP) but wee are given SP. SO we change the base from CP to SP. 20% of CP = 1/5 of CP = 1/6 of SP = 1/6 of 600 = 100 $.
We have added numerator to denominator because new base required is SP, which is larger in case of profit. If it were loss, we would have subtracted.
(P/CP )*100% is on base CP (denominator). which can be base changed to SP. SP = P+CP. thus, Profit % can also be shown like (P/(P+CP))*100%
I will be posting so more examples soon... hope this helps and add value to this wonderfull site!!!
Some kudos please.. I need 50.. am working hard to get them!!!