Maths Olympiad Prep

Track / Stage 3 / 5 of 260 #5 of 1964

Problem 5

AMC 10/12, early questions
Algebra Difficulty 3.0 Find the answer

A certain medicine underwent two price reductions, with the retail price per bottle decreasing from 58to58 to 43. Given that the percentage reduction for both price reductions is xx, the equation to be written is ______. (Write down the equation only, do not solve it)

A number or a short expression. Spacing and $ signs are ignored.

Official solution

Given the initial price of the medicine is 58anditundergoestwosuccessivepricereductionsbythesamepercentage58 and it undergoes two successive price reductions by the same percentage x,thepriceafterthefirstreductionis, the price after the first reduction is 58(1-x).Sincethereisasecondreductionbythesamepercentage,weapplythereductionagaintothenewprice,resultingin. Since there is a second reduction by the same percentage, we apply the reduction again to the new price, resulting in 58(1-x)(1-x)or or 58(1-x)^2asthefinalprice.Thisfinalpriceisgivenas as the final price. This final price is given as 43.

Therefore, the equation representing this situation is:

58(1x)2=4358(1-x)^2 = 43

So, the equation to be written is 58(1x)2=43\boxed{58(1-x)^2 = 43}.

Source: NuminaMath-1.5, licensed Apache-2.0. Statement and solution reproduced as published; topic, difficulty and ordering added by this site.