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Percent's Cheat Sheet

The document provides information and examples for calculating percentages. It covers writing percentages as decimals and fractions, using the percentage equation, calculating simple interest, and finding percentage increases, decreases, sale prices, and rates of commission.

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NISAR_786
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467 views4 pages

Percent's Cheat Sheet

The document provides information and examples for calculating percentages. It covers writing percentages as decimals and fractions, using the percentage equation, calculating simple interest, and finding percentage increases, decreases, sale prices, and rates of commission.

Uploaded by

NISAR_786
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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Percent’s Cheat Sheet

Percent is a ratio out of 100.


43
Example 1: 43 out of 100 = = 0.43 or 43%
100

7
Example 2: 7 out of 100 = 100 = 0.07 or 7%

Writing a percent as a decimal:


1. Divide percent by 100
Example 1: 68% = 68 ÷ 100 = 0.68
Example 2: 162% = 162 ÷ 100 = 1.62

Writing a decimal as a percent:


1. Multiply decimal by 100
Example: 0.41 = 0.41 × 100 = 41%

Writing a percent as a fraction:


%
%= divide both by 4
100

76 19
Example 1: 76% = =
100 25

lowest terms

15.5 155 31
Example 2: 15.5% = 100
= 1000
= 200

Multiply Divide by 5 to bring to the lowest terms


by 10 to
get rid of
decimal
1 100
1 33 100 100 100 100 1 100 1
3 3
Example 3: 33 3 % = 100
= 100
= 3
÷ 100 = 3
÷ 1 = 3
× 100 = 300 = 3

Writing fractions as a percent:


1. Divide top number by bottom number.
2. Multiply by 100
5
Example: = 5 ÷ 8 = 0.625 × 100 = 62.5%
8

OR

1. Write as a proportion
5 𝑃 8𝑃 500
Example: 8 = 100 8 × 𝑃 = 5 × 100 = 𝑃 = 62.5
8 8
Percent Equation
𝑃𝑎𝑟𝑡 %
=
𝑊ℎ𝑜𝑙𝑒 100

1. Fill in what you know and identify unknown


2. Multiply
3. Divide

Example: Part = 15, whole =60

15 𝑃 1500 60𝑃 𝑃 = 25
= 15 × 100 = 60 × 𝑃 =
60 100 60 60

Simple Interest
p = principle
𝐼 =𝑝×𝑟×𝑡 r = rate (% as decimal)
t = time (years)

Example 1: Principle = $4200


Rate = 4%
Time = 3 and a half years

𝐼 = 4200 × 0.04 × 3.5


𝐼 = $588

Total amount due = Principle amount + interest


= $4200 + $588
= $4788.00

Example 2: Principal = $3800


Rate = 6.5%
Time = 7 months

𝐼 =𝑝×𝑟×𝑡 divide
7
= 3800 × 6.5% × 12
= 3800 × 0.065 × 0.5833333
= $144.08
Finding Percent of Increase or Decrease
*use percent equation*
Increase:
1. Subtract (new-original)
2. Use difference as the part
3. Use the original amount as the whole
4. Multiply by 100

Example: You had 5 eggs but now have 8 eggs. What is your percent increase?
Use difference as the part
Subtract original from the new
3
8−5=3 = 0.6 × 100 = 60%
5

Use original Multiply


amount as by 100
the whole

Decrease:
1. Subtract (original – new)
2. Use difference as the part
3. Use the original amount as the whole
4. Multiply by 100

Example: You had 8 eggs but now have 5 eggs. What is your percent decrease?

Subtract new from the original Use difference as the part


3
8−5=3 = 0.375 × 100 = 37.5%
8

Use original Multiply


amount as by 100
the whole

Finding Sale Price


*use percent equation*
1. Sale price is part
2. Original price is whole
3. Multiply by 100
4. % of sale is percent

Example: An item is on sale for $4.99, original price is $5.50, find the sale percent

4.99 𝑃 4.99
= = 0.907 × 100 = 90.7% Sale price is 90.7% of the original price
5.50 100 5.50
100 − 90.7 = 9.3%
If you subtract from 100, this gives you the actual
discount as a percentage. In this case, the item is on
sale for 9.3% off.
Finding Rate of Commission or Commission Amount
*use percent equation*
1. Part is amount of commission
2. Whole is total sale price
3. Percent is rate of commission

Example: A salesperson earns $750 for selling $5000 worth of furniture. What is the rate of
commission?

750 𝑃 75,000 5000𝑃


= 750 × 100 = 5000𝑃 = 𝑃 = 15%
5000 100 5000 5000

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