Pipes and Cisterns
October 8, 2022Profit and Loss
October 8, 2022About this post
Percentages is a very important topic with applications in Profit and Loss, Ratio and Proportions, Problems on Simple and Compound Interest.
The introduction and solved question and answers in this section will help you with the following aspects of percentages.
- What is percentage
- How to find percentages
- Percentage Increase and Decrease
- Scaling Factor
We recommend you to go through the introduction and then understand how to solve percentage problems using the question and answers. After completing this topic you can get a fairly good idea on the kind of problems on percentages and you must be able to define your approach to tackle percentage problems.
Introduction to Percentages
What is a Percent?
Percent implies per 100. It is a number or a ratio expressed as a fraction of 100. It is represented by the symbol %.
Example : 20% implies $\frac{20}{100}$.
What does the statement "20% of the students cleared the exam" mean?
=> It means out of every 100 students 20 students have cleared the exam.
To convert x% into fraction we divide x by 100.
To convert a fraction $\frac xy$ into percentage we multiply it with 100.
How to find Percentages?
When solving percentages, identifying the base y in $\frac xy is very important.
For example,
- What percent of B is A $\to \frac AB$ x 100
In this case, we want to express A as a percentage of B. Hence base is B.
- A is what percent more than B $\to \frac {A-B}{B}$ x 100
Here,The difference in A and B gives the value by which A is greater than B.The reference point is B. Hence B is the base. And to find the percentage by which A is greater than B, divide the difference by the base.
- Percentage by which A is less than B is given by $\frac{B-A}{B}$ x 100
- If A is $x$% more than B, then B is $\frac{x}{100+x}$ % less than A.
- If A is $x$% less than B, then B is $\frac{x}{100-x}$ % more than A.
Percentage Increase and Decrease
- If price increases by $x$% and expenditure remains the same, then the consumption decreases by $\frac{x}{100+x}$ x 100
- If price decreases by $x$% and expenditure remains the same, then the consumption increases by $\frac{x}{100-x}$ x 100
Scaling Factor.
- If A is increased by $x$%, then the resulting value is obtained by multiplying A by (1+$\frac{x}{100}$). (1+$\frac{x}{100}$) is called the scaling factor.
Example:
If A is increased by 20%. Then its value after increase is A(1+$\frac{20}{100}$) => A x 1.2
- If A is decreased by x%, then the resulting value is obtained by multiplying A by (1-$\frac{x}{100}$).
Example:
If A is decreased by 10%. Then its value after increase is A(1-$\frac{10}{100}$) => A x .9