1. Percentages
Percentages are widely used in our daily lives. For example, discounts in shopping malls, bank interest rates, Scores obtained in an exam, etc. are expressed as percentages.
A percentage is a number or ratio that can be expressed as a fraction of 100. It is represented by the symbol “%”.
For example, if John scored 80% marks on his Maths test, it means that he scored 80 marks out of 100. It is written as 80⁄100 in fraction form and 0.80 in decimal form.
If we have to calculate the percentage of a number, we divide the number by the whole and multiply by 100. Hence, the percentage is a part per hundred.
1.1 Percentage of an Amount
Percentage of an amount can be calculated by writing the percentage as a fraction or decimal and then multiplying it by the given amount.
Example: Find 15% of 200.
Solution:
15% of 50 = 15⁄100 x 200 … 15% = 15⁄100
= 15 × 200⁄100
= 30
1.2 Reverse Percentages
Problems on reverse percentages require working backwards to find the original amount, given a percentage of that amount.
We follow these steps to find reverse percentages:
- Put the percentage equal to the amount given.
- Find 1% by dividing both sides by the percentage.
- Find the original amount by multiplying by 100.
Example: 12% of an amount is 48. Find the original amount.
Solution:
The original amount is 400.
1.3 Increasing or Decreasing an amount by a Percentage
The steps to be followed for increasing or decreasing an amount by a percentage:
- Calculate the percentage of the amount given.
- Add/subtract this answer with the original amount to increase/decrease the amount.
Example:
(a) Increase £180 by 25%.
(b) Decrease £80 by 25%.
Solution:
- Calculate 25% of £180 : 25⁄100 × £180 = £45
To increase, add
£45 to the original value: £180 + £45 = £225 - Calculate 25% of £80 : 25⁄100 × £80 = £20
To decrease, subtract
£20 from the original value: £80 - £45 = £35
1.4 Percentage Change
Percentage change means by what percentage of its original value something has increased or decreased. It is calculated using the below formula:
Example:
The number of people attending a dance class has increased from 24 to 30. Calculate the percentage change.
Solution:
Calculate the change: 30 - 24 = 6
Apply the percentage change formula:
Percentage change = Change⁄Original × 100
= 6⁄24 × 100
= 25%
As the number of people has increased, this is a 25% increase.