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Bunuel Percentages, Interest and More [#permalink] Nov 04, 2015 1:58 am
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1. A Simple Approach to Percentages
2. Successive Percentage Changes
3. Mark Up, Discount, and Profit
4. Simple Interest and the Not-So-Simple One
5. Profit on One, Loss on Another
6. Other Resources
7. How to Solve Advanced Compound Interest Questions on the GMAT

A Simple Approach to Percentages

BY KARISHMA, VERITAS PREP

Let's take up a relatively simple topic – Percentages. It is extremely relevant for GMAT and your everyday life. For the critics amongst you, let me give an
example: What does a 20% sale with an additional 25% off on the $85 sweater that you have your eye on mean to you? Rather than flipping open your
HP12C, blink your eyes and the answer will swim in front of you… Uhh… I mean, after I tell you what you have to do in that blink (There is always a
catch!).

Let me begin by saying that a percentage is a fraction. A fraction where the denominator is always 100, but just a fraction nevertheless. 50% means 50 per
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‘cent’ (cent being 100) or 50/100 or 50 out of every 100.

So,

If I ask you what the 50% of 240 is, what will you do?

or ?

I don’t think I need to explain why the second representation is easier to handle. A fraction in its lowest form usually helps us to calculate faster. If this
- By joshcmba 770
makes sense, think about 12.5% i.e. 12.5/100. Let’s say, I tell you that 12.5/100 is equal to 1/8. Now, if you had to find 12.5% of 64, what would be easier
to do: or ?

For this future ease, can you learn up some percent fraction equivalents today? In the interest of furtherance of this post, let’s assume you answered with
a resounding yes!

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