Sahana.Bhagavathi Topic Percentage And Its Applications
TO GAIN KNOWLEDGE AND UNDERSTAND THE USES OF PERCENTAGES,WHERE THEY ARE USED AND SOME EASY TIPS OF PERCENTAGE
Objective
IntroductionThe word per cent is an abbreviation of the Latin phrase means per hundred or
hundredths.The term percent means per hundred or every hundred .When we say that a man gives 30 percent of his income tax, this means he gives ₨30 out of every hundred rupees out of income. ‘A trader
makes 15 per cent a profit in his finial selling’ that means he got a profit of
rupees Rs 15 out hundred.
Basics
• A fraction with its denominator 100 is equal to that percent ,as numerator.
• Percent means for every hundred.• Increase%=(Increase x100) Original valueDecrease%=(Decrease/Original value x100) The selling price is written as S.PThe cost price is written as C.P
The effective cost Prices are written as E.C.P
Effective Cost prices (E.C.P)=C.P+overhead expenses
Gain or loss is calculated on the cost price.
Gain%=(Gain /C.PX100)Loss %=(Loss/C.PX100)
Logics
• A fraction with its denominator 100 is equal to that percent ,as the numerator.
• To convert a ratio to a percent,we write it as a fraction ,then multiply the % after the product.
• In a percent 100/100 means whole .• To convert a decimal to a percent we multiply
by 100%.
The amount or the price at which an article is purchased by shopkeeper is
cost price(C.P)The amount or price at which an article
is sold by the shopkeeper is called as selling price(S.P).
There are some formulas th find the C.P and S.P:
Profit +S.P-C.P
Theory • ❶To convert a per cent into a fraction, we drop the
per cent and divide the remaining number by hundred. We reduce it to the fracton to the lowest terms. Ex:32% of 80=32/80=4/10=2/5
• ❷To convert a percent to decimal ,we drop the per cent sign and shift the decimal point by two places to the left.Ex:32%=32/100=0.32
• ❸To convert a ratio into a percent we write as a fraction , then multiply the symbol[%] after the product .Ex:12:25=12/25 (12/25x100)%=48%
❹To convert a fraction to a percent, we multiply the fraction by 100 and put the
symbol %after the product.Ex:14/25 (14/25x100)=56%
❺ To convert a decimal to percent we multiply by 100 and insert (%) sign or to convert a decimal into a percent, we shift
the decimal point to the right and insert % sign.Ex:0.25=(0.25x100)%=25%
ApplicationsPercentages are used in calculating our marks in tests.Used in items behind the
cover[VAT[value added tax]].Shops advertise discounts.These dicounts are percentages.They are used in housing
loans or and any other loans.Companies describe their profit and loss in percentage.The country’s
population is described in percentage.
They are used in sales.They are used in showing the divisions of
water[Salty,sweet,iceglaciors,and fresh water].They are used in showing the usage of water in
different countries.
Illustration1
Sinu bought a set of books for Rs 400 and sold it for Rs380.Find his loss and the loss percent
Sol: S.P=Rs380 C.P=400RsS.P<C.PLoss=C.P-S.PLOSS=Rs20loss%=Loss /C.PX10020/400X100=5%
Illustration2
• Arvind earns Rs12,000 per month .He spends 30% of his monthly income on house rent, 40% on household expenses ,5% on travel ,and 5% on entertainment for his family .The remaining is saved in the bank .Find out how much does Arvind spend on each item and how much he saves.
Solution :Total income for the month =Rs12,000House rent :30% of Rs12,000
12000x30/100=Rs3,600Household expenses=40% of Rs12000
12000x40/100=Rs4,800Travel expenses=5%of Rs 12000
12000x5/100=Rs600Entertainment =5%of Rs12000
12000x5/100=Rs600Total expenses=30%+40+5%=5%=80%
Savings=Income-Expenditure 100-80=20%
Actual Savings =12000X20/100=Rs3,400
Conclusion
• At last we would like to conclude that percentages are very important in human life and the topic profit and loss is also very important.So, we think that you all understood about the topic percentage and its applications