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Percentages BQA

Business Quantitative Analysis - B.Com - 1st sem - Bangalore University

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Lavin Bhawnani
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39 views3 pages

Percentages BQA

Business Quantitative Analysis - B.Com - 1st sem - Bangalore University

Uploaded by

Lavin Bhawnani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Business Quantitative Analysis

Unit 1. Percentages, Ratios & Proportions


Meaning of Percent

The term "percent" comes from the Latin phrase "per centum," which means "by the
hundred." It is a way to express a number as a fraction of 100. The symbol for percent is "%".
For example, 50 percent (50%) means 50 out of 100 or 50/100, which can be simplified to
0.5.

Meaning of Percentage

"Percentage" is a term used to describe the relationship between two numbers in terms of
100. It refers to the rate, number, or amount in each hundred. For example, if 30 students out
of 100 are girls, the percentage of girls is 30%.

Difference Between Percent and Percentage

While "percent" and "percentage" are closely related and often used interchangeably, they
have slight differences.

Point of Difference Percent Percentage


1. Meaning It is a way to express a number as a "Percentage" is a term used
fraction of 100. The symbol for to describe the relationship
percent is "%". between two numbers in
terms of 100.
2. General Concept It is refered as a part of a specific Refers to a general concept
number. or an amount that is not
specified.
3. Use It is often used with a numerical It can be used without a
value (e.g., 20 percent, 50%). specific numerical value.
4. Example Example: "20 percent of the class is Example: "A large
absent today." percentage of the population
enjoys music."

Examples

1. Percent:
o "She scored 85 percent on her test."
o "50% of the apples are rotten."
2. Percentage:
o "A high percentage of people like chocolate."
o "What percentage of your income do you save?"

Understanding the concepts of percent and percentage is fundamental in various fields such
as finance, statistics, and everyday life calculations.
Expression of Percent

Expressing a number as a percent involves converting it into a fraction of 100. This can be
done in a few simple steps:

1. Convert the Number to a Fraction: If you have a number or a fraction, you can
convert it into a fraction with a denominator of 100.
2. Multiply by 100: Multiply the number or fraction by 100 to get the percent value.
3. Add the Percent Symbol (%): After converting the number, add the percent symbol
(%) to express it as a percent.
Key Points to Remember:

 Percentages are always relative to 100.


 Converting between decimals, fractions, and percentages is a common task in many
areas of mathematics and practical applications.
 Multiplying by 100 is the standard method to convert a decimal or fraction to a
percentage.
 Dividing by 100 is used to convert a percentage back to a decimal.

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