Understanding data, making informed decisions, and solving problems is made easier with a step-by-step process for calculating percentages. This comprehensive guide teaches the necessary steps for becoming proficient in this essential concept.
Understanding the basics.
Before diving into the calculations, let’s grasp the fundamentals. A percentage is a representation of a portion of a whole, expressed as a fraction of 100. It helps us quantify relative values, making it easier to compare different quantities
Percentage Formula
The general formula to calculate the percentage is:
Percentage formula = (Value/Total value) × 100
Example :
Example: 3/8 × 100 = 0.375 × 100 = 37.5 per cent
How to Use Percentages in Real Life:
Discounts: When shopping, you can know the discounted price with this formula:
Discounted Price = Original Price – (Original Price * (Discount Percentage / 100))