What is a percentage? A percent means per 100. To express a percentage we use the symbol %. Percentages are used to describe the proportion of a quantity in relation to the number 100, i.e. 100% is the whole amount and 50% is half of the amount. Writing percentages To find a number as a percentage of another number, write it as a fraction and multiply by 100%. Example: Examples: • 35% means “35 out of 100”. • “11% of students walk to school” means “11 out of every 100 students walk to school”. MATHS FLASHCARDS: percentages Percentages greater than 100% MATHS FLASHCARDS: percentages Percentages as decimals Percentages are usually between 0 and 100, because 100% means a whole, but they can also be greater than 100%. To write a percentage as a decimal, divide it by 100. Examples: • 200% of an amount means double that amount. • 300% of an amount means triple that amount. • 150% of an amount means one and a half times that amount. MATHS FLASHCARDS: percentages Examples: • 24% = 24 ÷ 100 = 0.24 • 6% = 6 ÷ 100 = 0.06 • 150% = 150 ÷ 100 = 1.5 MATHS FLASHCARDS: percentages Percentages as fractions To write a percentage as a fraction, first write it over 100, then simplify it into its lowest terms by cancelling the highest common factor of the numerator and denominator. Example: MATHS FLASHCARDS: percentages Percentage change To find the percentage increase or decrease between two amounts, use the formula: Example: MATHS FLASHCARDS: percentages Percentages of amounts To find a percentage of an amount, think of the “of” as “×”. Example: 10% of 30 means 10% × 30 Calculate this as: (10 ÷ 100) × 30 or 0.1 × 30 = 3 MATHS FLASHCARDS: percentages Increasing by a percentage To increase an amount by x%, multiply the amount by (100 + x)%. Example: To increase 50 by 10%, calculate 50 × 110%, i.e. 50 × 1.1 = 55. MATHS FLASHCARDS: percentages Decreasing by a percentage To decrease an amount by x%, multiply the amount by (100 – x)%. Example: To decrease 50 by 10%, calculate 50 × 90%, i.e. 50 × 0.9 = 45. Compound percentages 1 A compound percentage is a percentage that is applied repeatedly to an amount, for example compound interest in banking. The formula for finding the amount, A, after a percentage r % is applied every t years to an original (principal) amount P is: A = P(1 + r/100)t MATHS FLASHCARDS: percentages MATHS FLASHCARDS: percentages Compound percentages 2 An example of compound percentage: $200 is invested for 5 years at an interest rate of 2%. After these 5 years, the amount A is: A = 200 (1 + 2/100)5 = 200 (1.02)5 = $220.82 MATHS FLASHCARDS: percentages Finding the original amount To find the original amount after a percentage increase or decrease, call the original amount “x” and write an equation to solve for x. Example: An item costs $18 in a 20% off sale. To decrease an amount by 20%, multiply the amount by (100 – 20)%. x × (100 – 20)% = 18 x = 18 ÷ (100 – 20)% x = 18 ÷ 80% = 18 ÷ 0.8 = $22.50 MATHS FLASHCARDS: percentages
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