Percents in the World

Front

What is a percent?

Back

A percent is a way to express a number as a fraction of 100. It is often used to compare ratios and express discounts, interest rates, and other financial figures.

Front

How do you calculate a percentage of a number?

Back

To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 30% of 80, calculate 80 x 0.30 = 24.

Front

What does a discount mean?

Back

A discount is a reduction in the price of a product or service, usually expressed as a percentage of the original price.

Front

How do you find the final price after a discount?

Back

To find the final price after a discount, subtract the discount amount from the original price. For example, if an item costs $100 and has a 20% discount, the discount is $20, so the final price is $100 - $20 = $80.

Front

What is markup?

Back

Markup is the amount added to the cost price of goods to cover overhead and profit. It is often expressed as a percentage of the cost price.

Front

How do you calculate the selling price using markup?

Back

To calculate the selling price using markup, add the markup amount to the cost price. For example, if a handbag costs $65 and has a 60% markup, the selling price is $65 + ($65 x 0.60) = $104.

Front

What is the formula for calculating a percentage increase?

Back

The formula for calculating a percentage increase is: ((New Value - Original Value) / Original Value) x 100.

Front

What is the formula for calculating a percentage decrease?

Back

The formula for calculating a percentage decrease is: ((Original Value - New Value) / Original Value) x 100.

Front

How do you represent a percentage visually?

Back

Percentages can be represented visually using pie charts, bar graphs, or by shading parts of a whole to show the proportion.

Front

What does it mean if something is 100%?

Back

If something is 100%, it means the whole or the entirety of that item or value. For example, if you have 100% of a pizza, you have the whole pizza.