1. Concept of Percentage:
By a certain percent, we mean that many hundredths.
Thus, x percent means x hundredths, written as x%
To express x% as a fraction: We have, x% = x/100
Thus, 20% =20/100 = 1/5.
To express a/b as a percent: We have a/b=(a/b)*100%
2. Percentage Increase/Decrease::
If the price of a commodity increases by R%, then the reduction in consumption so as not to increase the expenditure is:
[(R/(100+R))*100]%
If the price of a commodity decreases by R%, then the increase in consumption so as not to decrease the expenditure is:
[(R/(100-R))*100]%
3. Results on Population:
Let the population of a town be P now and suppose it increases at the rate of R% per annum, then:
1. Population after n years = P[1+(R/100)]^n
2. Population n years ago =P/[1+(R/100)]^n
4. Results on Depreciation:
Let the present value of a machine be P. Suppose it depreciates at the rate of R% per annum. Then:
1. Value of the machine after n years = P[1-(R/100)]^n
2. Value of the machine n years ago = P/[1-(R/100)]^n
3. If A is R% more than B, then B is less than A by {[R/(100+R)]*100}%
4. If A is R% less than B, then B is more than A by {[R/(100-R)]*100}%