Elephants and geese
Yesterday, at Ulaanbaatar market, a white elephant cost the same amount as 99 wild geese. How many wild geese cost the same amount as a white elephant today?
Problem
Yesterday, at Ulaanbaatar market, a white elephant cost the same amount as 99 wild geese.
Overnight, the price of a white elephant fell by 10% and the price of a wild goose rose by 10%.
How many wild geese cost the same amount as a white elephant today?
This problem is adapted from the World Mathematics Championships
Student Solutions
Answer: 81
Using ratio and currency
Yesterday
1 white elephant and 99 geese both worth $k$
Today
1 white elephant is worth 0.9$k$
99 wild geese are worth 1.1$k$
How many geese can 1 elephant = 0.9$k$ buy?
99 geese worth 1.1$k$
9 geese worth 0.1$k$
81 geese worth 0.9$k$
Using percentage multipliers
Wild geese are now worth 110% of their original price. To match their original value, we can remove the extra 10%.
The white elephant has decreased in price by 10%, so we will need 10% fewer geese to match its price.
Using fractions
10% is $\frac{1}{11}$ of 110%, so removing 10% from 110% is the same as removing $\frac{1}{11}$.
$\frac{1}{11}$ of 99 is 9, so that leaves 90 geese.
Removing 10% of the remaining 90 geese leaves 90$-$9 = 81 geese.
Using decimals
Reducing 110% to 1000% is the inverse of increasing by 10%, so can be done by dividing by 1.1, and reducing by 10% can be done by multiplying by 0.9.
99$\div$1.1$\times$0.9 = 81. So 81 wild geese are worth the same amount as a white elephant.