Percentages

Understanding Percentages

  • Percentages are a way of expressing a proportion or fraction as parts out of a hundred. The symbol “%” is used to indicate a percentage.
  • The term “percent” comes from the Latin ‘per centum’, meaning ‘for each hundred’.
  • 100% represents a whole or everything of something. Any number can be expressed as a percentage of itself by stating it as 100%.
  • A percentage less than 100% represents a portion less than the whole, and a percentage greater than 100% represents an amount greater than the whole.
  • Percentages are often used in real-life situations, such as sales discounts, tax calculations, and data representation.

Calculating Percentages

  • To calculate a percentage of a given amount, multiply the number by the percentage, then divide by 100. For example, to find 20% of 50, multiply 50 by 20 and then divide by 100 to get the answer 10.
  • The formula to calculate the original amount given the final amount and the percentage increase or decrease is Original Amount = Final Amount / (1 + Percentage Increase / 100) or Original Amount = Final Amount / (1 - Percentage Decrease / 100)

Increase and Decrease in Percentages

  • A percentage increase refers to the proportion by which an amount has been increased with reference to its original size.
  • A percentage decrease refers to the proportion by which an amount has been reduced with reference to its original size.
  • To calculate the percentage increase or decrease between two numbers, subtract the original number from the new number, divide by the original number, and then multiply by 100.

Key Points

  • Understanding percentages is key to many areas of maths, from everyday applications, such as shopping sales, to more complex areas like statistical analysis.
  • Working fluently with percentages requires practice and familiarity. Regularly work through a variety of problem types.
  • Remember to check any calculations carefully to avoid common errors, such as forgetting to divide by 100 when converting a percentage to a decimal.