Q 2. how much is 5% of that l la Marve E. Gelera. Understand and know what is being asked in the problem. agency or office may, among other things, impose as a condition the payment of royalties. amount of discount. If the problem is looking for the original price, use the formula: 100%DR ; since the given are the discount rate and sale price. in the given situation; and. It is the same as the median of the data set. the regular price. Identify the fractional and decimal equivalent of a percent in a given problem; 2. apply the four-fundamental operation on fractions, decimals and percent; and 3. solve problems involving fractions, decimals and percent. Class interval Frequency (f)