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Year 8 · Percentages & Finance

The Merchant's
Ledger

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Ledger I · Discovery

Three Forms, One Number

Learn Convert Compare

⚹   Percent to Decimal

A percent literally means "per hundred". To convert a percent to a decimal, divide by 100 — equivalently, shift the decimal point two places to the left.

Part 1 of 4
0 / 17
Express 25% as a decimal.
Ledger II · Discovery

Percent of an Amount

Learn Apply In Context

⚹   Percent of an Amount

"What is X% of Y?" asks for a portion of a total — a tax on a price, a tip on a bill, a discount off a tag. The rule: convert the percent to a decimal (divide by 100), then multiply by the amount.

Part 1 of 3
0 / 13
Find 10% of $80.
Ledger III · Discovery

Part as a Percent of Whole

Learn Apply In Context

⚹   Part ÷ Whole × 100

"What percent is the part of the whole?" The rule: divide the part by the whole, then multiply by 100. That fraction ÷ operation gives the decimal form; multiplying by 100 turns it into a percent.

Part 1 of 2
0 / 10
What percent is 3 out of 15?
%
Ledger IV · Discovery

Increase by a Percent

Learn Apply In Context

⚹   Find the Multiplier

A +X% increase means: new = old × (1 + X/100). The "1 +" is the original (100%); the "X/100" is the extra. E.g. +20% → 1 + 0.20 = 1.20. Finding this multiplier is the first step.

Part 1 of 2
0 / 9
What is the multiplier for a +20% increase?
Ledger V · Discovery

Decrease by a Percent

Learn Apply In Context

⚹   Find the Mirror Multiplier

A −X% decrease means: new = old × (1 − X/100). The "1 −" is the original (100%) minus what\'s taken away. E.g. −40% → 1 − 0.40 = 0.60. The multiplier is BELOW 1 — that\'s the mirror of Ledger IV.

Part 1 of 2
0 / 9
What is the multiplier for a −40% decrease?
Ledger VI · Discovery

Percentage Change Between Two Amounts

Learn Apply In Context

⚹   The Percent Change Formula

Given a before-value (old) and an after-value (new), the percent change is: % change = (new − old) ÷ old × 100. A positive answer means an increase; a negative answer means a decrease. The key move: always divide by the old value.

Part 1 of 2
0 / 9
A price rose from $50 to $75. What is the percent change?
%
Ledger VII · Discovery

Working Backwards

Learn Apply In Context

⚹   Reverse a Decrease

Given the new (discounted) price, find the original. Do NOT add the percent back. The rule is: original = new ÷ multiplier. To undo a multiplication, divide. E.g. 20% off means × 0.80 forward → ÷ 0.80 to reverse.

Part 1 of 2
0 / 9
A jacket on sale at 20% off costs $80. Find the original price.
$
Ledger VIII · Discovery

Profit & Loss

Learn Apply In Context

⚹   Profit — Sell Above Cost

A merchant buys at a cost price and sells at a sell price. Profit percentage is just the percent change from cost to sell: profit % = (sell − cost) ÷ cost × 100. Same formula as Ledger VI — with "cost" playing the role of "old".

Part 1 of 2
0 / 9
Cost $50, sell $65. Find the profit percent.
%
Ledger IX · Discovery

Setting the Sell Price

Learn Apply In Context

⚹   Setting the Sell Price

A merchant pays the cost and wants to sell for a percent margin above cost. This is Ledger IV in business vocabulary: sell = cost × (1 + margin/100). A 50% margin means multiply by 1.50. The multiplier includes the original plus the extra.

Part 1 of 2
0 / 9
Cost $80, margin 50%. Find the sell price.
$
Ledger X · Learn

The Merchant's Tale

Learn Final Test

⚹   Chaining Multipliers

Real merchants apply many percentage operations in sequence: buy at a discount, mark it up to sell, compare to an original. Multipliers chain by multiplication. Two operations at once = multiply the two multipliers. E.g. a 20% discount then a 50% markup:  0.80 × 1.50 = 1.20  — the final price is 20% above the original, not 30%.

Part 1 of 1 — chaining
0 / 4
Yasmin buys a lamp at 20% off its $180 sticker price, then adds a 50% markup. Find the final sell price.
$
Complete

Ledger Closed

📜

You have worked through all ten ledgers of the Merchant's Guild.

Your merchant's toolkit:
① Convert freely between percent, decimal, and fraction
② Find a percent of an amount, or value as a percent of another
③ Apply increases and decreases using the multiplier method
④ Calculate percent change between any two amounts
Work backwards to find an original price — divide, don't subtract
⑥ Measure profit and loss against the cost price
⑦ Set a sell price from a cost and target margin