Percent & Percentages

PERCENT AND PERCENTAGES

Definition : Percentage is a fraction, whose denominator is 100. The term per cent means for every100.The numerator of the fraction is called the rate per cent. Percentage is usually denoted by the sign“%” and sometimes shortened as p.c.Percentage explains the increase, the decrease , profit, loss, commission, brokerage etc. With theunit as 100.To get the per cent profit, the formula to be used is as follows :Per cent profit =e.g. : is called 5 per cent( or 5%)5, which is the numerator is called the rate per cent.Also, 3% means ( or 3 out of 100).Percentage is the standard way of comparison of two quantities. If we want to compare twofractions and , make the denominator 100 for both the fractions.Therefore, = = 14% ---> means 14 out of 100Also, = = 32% ---> means 32 out of 100.Therefore, >Note the following1) 5% of Rs. 200 means 5/100 × 200/1 = 10( ‘of’ means multiplication)2) 75% is equivalent to 75/100 = ¾3) increase % = increase/original × 100/1

Before attempting questions on percentage, it is advisable to learn all short forms of percentages.

1)5% = 5/100 = 1/20 = 0.052)6 ¼ % = 25/400 = 1/16 = 0.06253)10 % = 10 / 100 = 1/10 = 0.1www.MBAtutes.com1

Percent & Percentages4)12 ½ % = 25/100 = 1/8 = 0.1255) 16 2/3 % = 50/300 = 1/6 = 0.1666)20 % = 20/100 = 1/5 = 0.27)25% = 25/100 = ¼ = 0.258)33 1/3 % = 100/300 = 1/3 = 0.339)40% = 40/100 = 2/5 =0.410) 50% = 50/100 = ½ = 0.511) 60% = 60/100 = 3/5 = 0.612) 66 2/3 % = 200/300 = 2/3 = 0.6613) 75% = 75/100 = ¾ = 0.7514) 80% = 80/100 = 4/5 = 0.815) 90% = 90/100 = 9/10 = 0.916) 100% = 100/100 = 117) 125% = 125/100 = 5/4 = 1.2518) 150% = 150/100 = 3/2 = 1.5

Illustrative Examples

1. Usha deposits Rs. 500 in postal savings account. If this is 20% of her monthly income, what is hermonthly income ( in rs)?

Solution

:-Given,20% of his monthly income = Rs. 50020% = 1/5th of monthly income.Monthly income = Rs. 500 × 5 = Rs. 2,500.2. In a container of fruits, there are 25% apples, 40% chikoos and the rest are pineapples. If there are2000 fruits in the container, how many pineapples are there in the container ?

Solution

:-Given,www.MBAtutes.com2