// Numbas version: finer_feedback_settings {"name": "Lois's copy of Numerical Reasoning - percentage increase in price", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "question_groups": [{"pickingStrategy": "all-ordered", "questions": [{"functions": {}, "ungrouped_variables": ["sell", "thing", "produce", "percent", "percentdec"], "name": "Lois's copy of Numerical Reasoning - percentage increase in price", "tags": ["percent", "Percentage", "percentage", "percentage increase"], "preamble": {"css": "", "js": ""}, "advice": "

We can think of the selling price as {percent+100}% of the production price.

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This means that $ \\text{Selling Price} = \\text{Production Price} \\times \\var{percentdec}$

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So $\\text{Production Price} = \\text{Selling price} \\div \\var{percentdec} =  \\var{sell} \\div \\var{percentdec} =  \\var{produce}$

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The profit is the difference between the cost and production prices and so is £{dpformat(sell,2)} - £{produce} = £{dpformat(sell-produce,2)}.

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You can find more information about calculating percentages in the leaflets available from Mathcentre at http://www.mathscentre.ac.uk/types/quick-reference/percentages/

", "rulesets": {}, "parts": [{"prompt": "

How much did it cost to produce the {thing[1]} and what was the profit?

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Cost to produce: £ [[0]]

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Profit: £ [[1]]

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The selling price of {thing[0]} is £{dpformat(sell,2)}.

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This price was {percent}% greater than the cost of producing the {thing[1]}.

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Given the selling price of an item both as a cash amount and as a percentage of the cost of production, find the cost of production and the profit.

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Based on question 1 from section 3 of the Maths-Aid workbook on numerical reasoning.

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Added to Calculator test.

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