NavGanitMateby NavGreen Compute, AustraliaBased on Victorian Curriculum Mathematics v2.0
← Back to practice

Financial modelling with percentages

Wide tables scroll horizontally. For detailed working, you may prefer a larger screen.

Required skills (click to reveal)

A library in Canberra purchases a collection of 93 rare books for a total of $2300. To support local authors, the library decides to apply a 23% profit margin on the total cost when selling the collection.

What is the exact total selling price for the collection? Express your answer as an exact fraction.

Concept illustrations

These are separate worked examples of related concepts, not a diagram of this question. Their values and dimensions do not describe your question.

A quarter is 25 percent. One of four equal parts is 25/100. For a whole of 80, each part is 20.1 of 4 equal parts
One of four equal parts is 25/100. For a whole of 80, each part is 20.
Compare the increase with the original. A price grows from 80 to 100. The added 20 is one quarter of the original 80: a 25% increase. Bar lengths share the same scale.BeforeAfter80802020 ÷ 80 × 100% = 25%
A price grows from 80 to 100. The added 20 is one quarter of the original 80: a 25% increase. Bar lengths share the same scale.

Press Start when ready. Time includes time spent in another tab. Submit your answer before opening a help panel for a timed rank.

00:00
0 wordsOnly your numerical final answer or selected MCQ option is checked. Scratch working is not graded.

Report a problem or suggest an improvement

My notes — optional, not graded 0 words

Notes and scratch working stay in this browser and are linked to this question version. They are not graded or included in feedback. On shared devices, other people using this browser may see them.

For this question only. Your full notebook is on the dashboard.

Notes save in this browser. Download a copy to keep them elsewhere.

Report a problem or suggest an improvement

Your observations help improve this question. You can report an issue or recommend a better explanation, visual or experience.

0 words

The report includes your message and question/version details. Saved profile details, answers, notes and attempt history are not automatically attached. Leave out names and contact details, and check screenshots for personal information and embedded metadata.

Attachments may contain personal information. Review them before sharing. Logs collect only event codes and timestamps after you enable them. Download the ZIP to keep a copy, then attach it to an email if you choose.

Formula and explanation (click to reveal)

Opening this before your first submission makes the attempt practice only.

Formula

Explanation

Worked solution and answer (click to reveal)

Opening this before your first submission makes the attempt practice only.

Worked solution

  1. The library purchased 93 rare books for a total cost of $2300. This is the cost price (CP) for the collection.
  2. The library wants to apply a 23% profit margin on the total cost. This means the profit is 23% of $2300.
  3. Convert 23% to a decimal by dividing by 100: 23 ÷ 100 = 0.23.
  4. Calculate the profit amount: profit = 0.23 × 2300. First, compute 0.23 × 2300 = (23/100) × 2300.
  5. Simplify the fraction: (23 × 2300) / 100 = (23 × 23 × 100) / 100 = 23 × 23 = 529. So profit = $529.
  6. The total selling price (SP) is the cost price plus the profit: SP = CP + profit = 2300 + 529.
  7. Add: 2300 + 529 = 2829. So SP = $2829.
  8. The question asks for the exact total selling price expressed as a fraction. Since 2829 is an integer, it can be written as 2829/1.
  9. Verify that 23% of 2300 is exactly 529: 23/100 × 2300 = (23 × 2300) / 100 = 52900 / 100 = 529. Correct.
  10. Check that 2300 + 529 = 2829. This is correct.
  11. The total selling price is exactly $2829, which as a fraction is 2829/1.
  12. The final answer is 2829/1, which is the exact fraction form of the total selling price.

Reference answer: 2829/1

Alternative methods (click to reveal)

Shortcuts are shown only when applicable. Check the conditions before using one.

Earlier attempts for this question

#Date / timeYour answerResultSecondsHelp revealedRank
History stays in this browser when storage is available. Export it to your shared Drive folder and import it on another computer.
Worksheet details

Naming pattern: Topic_Grade_Complexity_YYYYMMDD_HH24MISS.html

Validation compares your answer with the generated reference. The model's reference can be wrong. Time ranks use an estimated student solving time, not a measured benchmark or a comparison with other students. An incorrect answer receives no speed rank.

NavGanitMate privacy & saved work

Saved in this browser. Your profile preferences, answers, practice history and notes are stored here when browser storage is available. They are not automatically uploaded to our servers. People sharing this browser may see saved work; changing the learner name does not create a separate private account. A nickname is enough.

Keep copies of important work. Clearing browser data, private browsing or changing browser or device can mean losing saved work. Download notes and export history separately. Downloads are copies of the selected content, not a complete account backup; not every format can be imported to restore your work. Keep these files somewhere private.

Visiting the website. Cloudflare helps deliver and protect this site and processes connection information such as IP addresses and requested pages. Server error logs may also contain request details. Security features may use cookies. This is separate from your browser-saved learning records. Cloudflare privacy information.

A parent-connection reminder uses a local list of up to five completed question IDs for this browser profile and a tab-session dismissal marker. Reminder activity is not uploaded and practice remains available.

Sharing feedback is your choice. A report includes your message and question/version details. Your saved profile, answers and notes are not automatically attached. Files you select can reveal personal details or contain embedded metadata: check and redact them before sharing. Diagnostic event codes and timestamps are included only after you enable logging. Sending email shares your message and attachments with the recipient and email providers. A download alone sends nothing to us. Website feedback delivery may be unavailable; only a confirmed receipt indicates it was received.