Percents Definition: A percent is another way of showing a fraction whose denominator is 100. Percent means parts per hundred. The word percent comes from the Latin phrase per centum, which means each | hundred. In mathematics, we use the symbol % for percent. Percents Population of China: 1,321,851,888 (July 2007 est.) ----------- out of ----------Population of the world: 6,602,224,175 It’s hard to grasp the relationship when China’s population is written as a fraction of world population. But turn it into a percent…. Almost exactly 20% Just about 20 out of every one hundred people in the world lives in China. Percents • This proportion is the key to solving percent problems. You should memorize it. part % total 100 Percents part % total 100 1 50 2 100 • Let’s say that 4 out of 16 people in this class absolutely love math. We could represent that as a ratio 4 to 16 or 4 . If we want to 16 know what percentage of people surveyed love math, we look for an part % equivalent fraction with a total 100 denominator of 100. 4 ? 16 100 • To solve any basic percent problem we use the same steps: 1. Write two fractions bars with = between, and write 100 as the second fraction’s denominator 2. Fill in the information we have according to the part % model. total 100 3. Multiply along the diagonal whatever direction we have two numbers (not the ?) In this case – 4 x 100 = 400 4 ? 16 100 4. Divide the answer from step 4 by the remaining number (in this case 16) 400/16 = 25 Percents • GED percent problems will give you two out of the 3 necessary pieces of information. (Note that the 100 on the bottom right doesn’t change) part % total 100 Example 1 – Finding the part • What is 20% of 300? • Step 1 – 100 • Step 2 – we know the percent and the total. We’re trying to find the part, so ? 20 300 100 Example 1 – Finding the part • Step 4 – ? 20 300 100 – Cross multiply 20 x 300 = 6000 • Step 5 – – divide by the remaining number 6000/100 = 60 20% of 300 is 60 Example 2 – Finding the total • 18 is 15% of what number? • Step 1 – 100 • Step 2 – we know the part and the percent. We’re trying to find the total, so 18 15 ? 100 Example 2 – Finding the total • Step 4 – 18 15 ? 100 – Cross multiply 18 x 100 = 1800 • Step 5 – – divide by the remaining number 1800/15= 120 15% of 120 is 18 Example 3 – Finding the percent • 70 is what percent of 800? • Step 1 – 100 • Step 2 – we know the part and the total. We’re trying to find the percent, so 70 ? 800 100 Example 3 – Finding the percent • Step 3– 70 ? 800 100 – Cross multiply 70 x 100 = 7000 • Step 4 – – divide by the remaining number 7000/800 = 8.75 70 is 8.75% of 800 You try: • 50 is what percent of 250? • What is 30% of 500? • 18 is 6% of what number? (press pause) You try: • 50 is what percent of 250? 100 50 ? 250 100 (50 x 100)/250 = 20 • What is 30% of 500? 100 ? 30 500 100 (30x 500)/100 = 150 • 18 is 6% of what number? 100 18 6 ? 100 (18 x 100)/6 = 300 Percents • Some problems using percents are a little more complicated. – Markup – Discount – Tax – Percent Change Percents Mark-up Fred Meyer buys potted palms from a local grower for $3.50 each. They sell them to the public at a 90% markup part % What is 90% markup? total 100 ? 90 3.50 100 90 x 3.50 = 315 ÷ 100 = 3.15 315 Percents • Mark-up Fred Meyer buys potted palms from a local grower for $3.50 each. They sell them to the public at a 90% markup • Markup is $3.15 – this is added to the original cost of the plant to reach the sale price. • $3.50 + $3.15 = $6.65 Percents • Discount – Fred Meyer is having a 20% off sale on potted palms. How much are the plants now? • They are selling for $6.65 • We need to find 20% of $6.65 Percents • Discount – Fred Meyer is having a 20% off sale on potted palms. How much are the plants now? • They are selling for $6.65 • We need to find 20% of $6.65 part % total 100 ? 20 6.65 100 Percents ? 20 6.65 100 20 x 6.65 = 133 133 ÷ 100 = 1.33 The discount is $1.33, so the price is now 6.65 – 1.33 = 5.32 Sale price: $5.32 Percents • Tax – If Washington State sales tax is 7% and you buy a potted palm at the sale price, how much will you pay at the register? Percents • Tax – If Washington State sales tax is 7% and you buy a potted palm at the sale price, how much will you pay at the register? • We need to find 7% of 5.32 part % total 100 ? 7 5.32 100 Percents ? 7 5.32 100 7 x 5.32 = 37.24 37.24 ÷ 100 = .3724 (since we’re talking about money we round to the nearest cent - .37) Percents • The price of the plant was $5.32 and the tax is 37¢, so we need to add the tax to the price to get the final total: • 5.32 + .37 = 5.69 • The total price at the register is $5.69 Percents • Percent Change Problems – amount of change becomes part, original becomes total. amount _ change % original 100 Percents • % Increase • James used to make $8.50/hr. His boss gave him a raise, and now he makes $8.84/hr. What percent raise did James get? Percents • Percent Increase • James used to make $8.50/hr. His boss gave him a raise, and now he makes $8.84/hr. What percent raise did James get? • The original was 8.50, and the amount it changed by is 8.84 – 8.50 = .34 amount _ change % original 100 .34 x 100 = 34 34 ÷ 8.5 = 4 James received a 4% raise. .34 ? 8.50 100 Percents • Percent Decrease • A cookbook was reduced from $20 to $15. What percent off was the book? amount _ change % original 100 5 ? 20 100 Percents 5 ? 20 100 5 x 100 = 500 500 ÷ 20 = 25 The book was 25% off – The price had been decreased by 25% Percents • Try the practice on pages 130 – 133 of the book. • Do GED Practice pages 15 – 17 and submit your answers using the answer sheet on BB.