AMC 8 · 2003 · #11

Grade 7 rate-ratio
percentagefraction-arithmeticmulti-digit-arithmetic identify-subproblemspattern-recognition ↑ Prerequisites: percentagefraction-decimal-conversionmulti-digit-arithmetic
📏 Short solution 💡 2 insights

Problem

Business is a little slow at Lou's Fine Shoes, so Lou decides to have a
sale. On Friday, Lou increases all of Thursday's prices by 1010 percent. Over the
weekend, Lou advertises the sale: "Ten percent off the listed price. Sale
starts Monday." How much does a pair of shoes cost on Monday that
cost 4040 dollars on Thursday?

Pick an answer.

(A)
36
(B)
39.60
(C)
40
(D)
40.40
(E)
44

AMC 8 2003 problem © Mathematical Association of America (MAA AMC). Reproduced for educational use.

Try it yourself first — the explanation is most useful after you’ve attempted it.