2001 AMC 8 Problems/Problem 10

Problem

A collector offers to buy state quarters for 2000% of their face value. At that rate how much will Bryden get for his four state quarters?

$\text{(A)}\ 20\text{ dollars} \qquad \text{(B)}\ 50\text{ dollars} \qquad \text{(C)}\ 200\text{ dollars} \qquad \text{(D)}\ 500\text{ dollars} \qquad \text{(E)}\ 2000\text{ dollars}$

Solution

$2000\%$ is equivalent to $20\times100\%$. Therefore, $2000\%$ of a number is the same as $20$ times that number. $4$ quarters is $1$ dollar, so Bryden will get $20\times1={20}$ dollars, $\boxed{\text{A}}$.

See Also

2001 AMC 8 (ProblemsAnswer KeyResources)
Preceded by
Problem 9
Followed by
Problem 11
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All AJHSME/AMC 8 Problems and Solutions

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