Olympiad Maths Prep

Track / Stage 3 / 57 of 260 #57 of 2000

Problem 57

AMC 10/12, early questions
Algebra Difficulty 3.1 Find the answer

In Xin'an, Henan Province, half of the country's cherry production is located. Xin'an is known as the "hometown of Chinese cherries" because of its large production, high quality, and early maturity. A village group sells cherries to the outside world at the original price of 3030 yuan per kilogram. In order to reduce inventory, they decided to reduce the price. After two price reductions, the selling price became 19.219.2 yuan per kilogram.
(1)(1) Find the average percentage reduction in price each time.
(2)(2) Due to weather conditions, further discounts are offered based on the percentage calculated in (1)(1). Find the selling price after the next price reduction.

Official solution

To solve this problem, we'll break it down into two parts as given in the problem statement.

### Part 1: Finding the Average Percentage Reduction

Let's denote the average percentage reduction in price each time by xx. This means that after each reduction, the price retains (1x)(1-x) of its previous value. Since there are two consecutive reductions, the final price can be represented as the initial price multiplied by (1x)2(1-x)^2. Given that the initial price is 3030 yuan per kilogram and the final price after two reductions is 19.219.2 yuan per kilogram, we can set up the equation as follows:

30(1x)2=19.230(1-x)^2 = 19.2

To solve for xx, we first divide both sides by 3030:

(1x)2=19.230(1-x)^2 = \frac{19.2}{30}

Simplifying the right side gives us:

(1x)2=0.64(1-x)^2 = 0.64

Taking the square root of both sides, we find:

1x=0.64=0.81-x = \sqrt{0.64} = 0.8

Solving for xx gives us two potential solutions since the square root operation can yield both a positive and a negative result. However, in the context of a percentage reduction, only the positive result makes sense:

x=10.8=0.2x = 1 - 0.8 = 0.2

Converting xx from a decimal to a percentage, we get:

x=20%x = 20\%

Thus, the average percentage reduction in price each time is 20%\boxed{20\%}.

### Part 2: Calculating the Selling Price After the Next Reduction

Now, using the average percentage reduction found in part 1, we calculate the selling price after the next price reduction. The current selling price is 19.219.2 yuan per kilogram, and we reduce this price by 20%20\%:

19.2×(120%)=19.2×0.8=15.3619.2 \times (1-20\%) = 19.2 \times 0.8 = 15.36

Therefore, the selling price after the next price reduction is 15.36 yuan per kilogram\boxed{15.36 \text{ yuan per kilogram}}.

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