Percentage (%age)
*) Percent :- When we convert a fraction to on100ith 100 as denominator we say that we have expressed it as a percent.
We write 75/100 , 63/100 as 75% , 63%.The symbol "%" means percent or per hundred.So, a fraction which has 💯 as it's denominator is called a percent.The standard denominator for a fraction is 100.
*) Table of Percents:
- 1/2 = 50%
- 1/3 = 33 1/3 %
- 1/4 = 25%
- 1/5 = 20%
- 1/6 = 16 2/3 %
- 1/8 = 12 1/2 %
- 1/10 = 10 %
- 2/3 = 66 2/3 %
- 2/5 = 40 %
- 3/4 = 75 %
*) Profit or Loss Percent Formulas;
1):- Profit % = (Profit/Cost Price ) * 100
e.g. I purchased 100 pens @ RS. 5 per piece on RS. 425 and sold all of them on RS. 500.Here I had profit = 500-425 = RS.75 by this deal.
Now I check how much profit percentage I have gain:
Profit % =( 75/425) *100
=17.65 %
2):- Loss % = (Loss/Cost Price) * 100
e.g. I purchased 60 copies MRP 20 on RS. 1000. Out of 60 copies 6 copies damaged by any way and 6 copies stole by someone at shop and rest sold @ 20 on RS 960.Here I had Loss= 1000 - 960 = RS.40 by this deal.
Now I check how much loss percentage I have taken:
Loss % =( 40/1000) *100
=4 %