Questions and Answer Portion

What is base?

 Base, or the whole or total, is at the right because

 Base is the percentage divided by rate.

What is rate?

 Rate, or the number with % symbol beside it, is at the left because

 Rate is the percentage divided by base multiplied by 100.

What is percentage?

Percentage is a part of a whole. That whole or total is the base, meaning P = R x B.

Why formula is important in getting the values of base, percentage and rate?

Because percentage at a constant rate is directly proportional with base. In symbols P = R x B, where P
is the percentage, R is the rate, and B is the base. Note that before applying the formula, rate must be
converted to decimal form first.

Why important is it to know how to solve for a percentage, base and rate?

Percentages are used widely in many different areas. For example, discounts in shop, bank interest rates,
rates of inflation and many statistics in the media are expressed as percentage. Percentages are important
for understanding the financial aspects of everyday life…

How can we easily determined, if the questions require us to solve for a rate, base and percentage?

The percent, base and rate are connected with one another in terms of computation. When you encounter
a question in a real-life situations involving percent, base and rate just always remember the formula in
Percentage is a part of whole,( P = R x B). That whole or total is the base,( )and with percent
symbol (%) which is the rate,( . If you always remember this formula you can easily determine
the numbers wherein the percentage, base and rate are emphasized.

How do businesses use percentages?

Businesses often use percentage to gauge profitability. Calculating profit as a percentage of sales
revenue gives us the gross profit margin percentage. A high percentage shows that a business keeps
much of its sales revenue as profit. A low percentage means they keep only a small amount of sales
revenue as profit.