Basic College Mathematics (ALEKS) Chapter Six PERCENTS Chapter 6 – 1 Percents and Their Fraction and Decimal Forms N% = N per hundred Ratio = ே ଵ 70% (this form I use most of the time) ଵ ଶଷ.ସ 23.4% ଵ ଵ 100% “1” ଵ CONVERTING PERCENTS TO FRACTIONS 32% 90% ଷଶ ଵ ଽ ଵହ 75% 50% . ଵ ହ ହ௫ଵ ହ௫ଶ య ଷ ଵ 66 % ଶହ௫ ଶହ௫ସ ଶହ ଶହ௫ସ ସ ଵ௫ଵ ଶହ௫ଷ .௫ଵ మ ଶ ଼ ଵ ଵ ଽ ଵ 0.06% ଶହ௫ସ ଵ 175% ଼௫ସ ଵ ଷ௫ଶ ହ௫ଶ ଷ ହ ଷ ସ ଵ ଶ మబబ య భబబ భ ଶ௫ଵ ଷ ݔ ଵ ଵ ଶ ଷ CONVERTING PERCENTS TO DECIMALS a) replace the % with “x0.01” b) multiply by 0.01, i.e., move decimal point TWO PLACES TO LEFT 1 Chapter 6 Basic College Mathematics (ALEKS) Chapter Six PERCENTS 34% 0.34 78.9% .789 ହ 6 % 6.625% 0.06625 ଼ 18% 0.18 0.08% 0.0008 Section 6 – 2 Fractions and Decimals and Their Percent Forms CONVERTING DECIMALS TO PERCENTS NOTATION a) MOVE decimal point TWO PLACES TO RIGHT b) add % 0.24 24% 3.47 347% 1 100% 0.321 32.1% 0.253 25.3% CONVERTING FRACTIONS TO PERCENT NOTATION a) divide b) Move TWO RIGHT or a) multiply by 100% b) divide 2 Chapter 6 Basic College Mathematics (ALEKS) ଵ 0.25 25% ସ Chapter Six PERCENTS or 100 1 ∗ 100% = % = 25% 4 4 ହ 0.625 62.5% ଼ or 5 500 ∗ 100% = % = 62.5% 8 8 ଶ 0.666ത 66.6ത% 66 % ଶ ଷ ଷ ହ ଵ 0.833ത 83.3ത% 83 % ଷ ହ ଵ ଵଽ ଶହ 57% (remember anything over 100 is percent) ଵଽ ଶହ ସ ସ ଵ = ݔ 76% Improper Fraction and Mixed Numbers Percent 1 ଵ ଵଵ ସ ଵ ଵ 1.7 170% 2.75 275% ଷ Write in percent Round to nearest tenth ଷ 0.4286 0.429 42.9% 3 Chapter 6 Basic College Mathematics (ALEKS) Fraction 1 5 C E Decimal A 0.833ത Percent B A. ଵ ହ Chapter Six PERCENTS F ଵ D 37 % ଶ 0.2 B. 0.2 20% D. ଵ 0.833ത 83.3ത% 83 % ଷ భ ଵ ଼ଷయ ଷ ଵ మఱబ య భబబ భ C. 83 % F. 37 % 37.5% 0.375 E. 37.5% ଶହ ଷ ∗ ଵ ଵ = ଶହ ଷ = ହ∗ହ ହ∗ = ହ ଵ ଶ ଷ.ହ ଵ Section 6 – 3 = ଷହ ଵ = ଷ௫ଵଶହ ଼௫ଵଶହ = ଷ ଼ Percent Proportions and Applications )ݏ݅( ݐ݊ݑ݉ܣ ܲ݁ݐ݊݁ܿݎ = )݂( ݁ݏܽܤ 100 What is 82% of 250? ଶହ = ଼ଶ A*100 = 82 * 250 ଵ A= ଼ଶ∗ଶହ ଵ = 205 105% of $60 is how much? $ = ଵହ A*100 = $60*105 ଵ 4 A= $∗ଵହ ଵ Chapter 6 = $63 Basic College Mathematics (ALEKS) Chapter Six PERCENTS 21% of what number is 42? ସଶ ଶଵ = 21*B = 42*100 ଵ B= ସଶ∗ଵ ଶଵ = 200 66 trees is 110% of how much? ௧௦ ଵଵ = B= ଵ 110*B = 66 trees*100 ௧௦∗ଵ ଵହ = 60 trees What percent of $48 is $15? $ଵହ $ସ଼ = $48*P = $15*100 ଵ P= $ଵହ∗ଵ $ସ଼ = 31.25% 1638 people is what percent of 1260 people? ଵଷ଼ ଵଶ = ଵ 1260*P = 1638*100 P = It was estimated that 24.7% of adults smoked. In a group of 2000 adults, how many are smokers? 8 students get “A”. If 19% got “A’s” how many student in class? Round to nearest student. 425 donations were made. If 60 donations were in the 100-199 dollar range, what % were in this range? Round to tenth. 5 ଶ A= ଼ = ଵଷ଼∗ଵ ଶସ. ଵ ଶସ.∗ଶ ଵ = B= ସଶହ P= ଵଽ ଵଽ = ଵ ସଶହ 100*A=24.7*2000 = 494 people = 42.1 42 students = 130% 19*B =8*100 ଵ ଼ ଵଶ 425*P = 60*100 = 14.12 14.1% Chapter 6 Basic College Mathematics (ALEKS) Section 6 – 4 Chapter Six PERCENTS Percent Equations and Applications Translating to Equations “OF” times or multiply “WHAT” variable (unknown) any letter “IS” equals or “=” “%” or “percent” times 0.01 or ଵ ଵ What is 40% of 90? ଵ W = 40* ∗ 90 = ଵ ସ∗ଽ ଵ = 36 235% of 60 amounts to (is) what number? 235* ଵ ଵ ଶଷହ∗ ∗ 60 = ܰ = ଵ = 141 94 is 80% of what number? 94 = 80* ଵ ଵ ∗ܰ N= ଽସ∗ଵ ଼ = 117.5 5.6 is 0.8% of what number? 5.6 = 0.8*0.01*N 0.008*N = 5.6 N = ହ. .଼ = 700 16.1 is what percent of 46? 16.1 = P * ଵ ଵ ∗ 46 P= ଵ.ଵ∗ଵ ସ = 35% What percent of $150 is $213? P* ଵ ଵ ∗ $150 = $213 6 P= $ଶଵଷ∗ଵ $ଵହ = 142% Chapter 6 Basic College Mathematics (ALEKS) Chapter Six PERCENTS ଵସଷ She read 143 pages. It is 22% of the book. How many pages in book? B= He had $60. He spent $28 of dinner and $19 on the movie and popcorn, what percent did he spend? Round to tenth %. ଶଶ = 22*B = 143*100 ଵ ଵସଷ = 650 ݏ݁݃ܽ ଶଶ Spent = $28+$19 = $47 $ସ = 60*P=47*100 $ P= 85% of students passed. If there were 40 students, how many passed? ସ ଵ ସ = A= = 78. 3ത = 78.3ത% ଼ହ 100*A = 40*85 ଵ ସ∗଼ହ = 34 ݏݐ݊݁݀ݑݐݏ ଵ Section 6 – 5 Applications Involving Sales Tax, Commission, Discount, and Markup Sales Tax = Sales Tax Rate * ଵ * Purchase Price ଵ Total Price = Purchase Price + Sales Tax A calculator costs $110 and sale tax rate is 4.5% What is the sales tax and total price. ST = 4.5* DVD sells for $15. Sales Tax is $0.90. What is the sales tax rate? $0.90 = ଵ ଵ ∗ $110 = $4.95 TP = $110+4.95 = 114.95 ௌ் ଵ ∗ $15 ST = ST = 6% 7 Chapter 6 $.ଽ∗ଵ $ଵହ Basic College Mathematics (ALEKS) Chapter Six PERCENTS Sales tax equals $21.50. Sales tax rate is 5%, what is the price? 5 ∗ܲ 100 $ଶଵ.ହ∗ଵ P= = $430 $21.50 = ହ Commission = Commission Rate * ଵ *Total Sales ଵ 1 ∗ $160,000 100 $6400 ∗ 100 ܴܽ= ݁ݐ = 4% $160,000 House sold for $160,000 and earned a commission of $6400. What is the commission rate? $6400 = ܴܽ∗ ݁ݐ Base salary is $50,000. Commission rate is 6%. Total salary is $98,000. What is the total sales? Commission = 98K - 50K = 48K 6 48,000 = ∗ ݈ܵܽ݁ݏ 100 Sales = ∗ ݁ݐܴܽ ݐ݊ݑܿݏ݅ܦ = ݐ݊ݑܿݏ݅ܦ ସ଼∗ଵ = $800,000 1 ∗ ܱ݁ܿ݅ݎܲ ݈ܽ݊݅݃݅ݎ 100 Sale Price = Original Price - Discount Original price = $600. Sales price Discount = $600-$480 = $120 ܴ = $480. What is the discount rate? $120 = ∗ 600 100 $ଵଶ∗ଵ R= = 20% Mark Up = Markup Rate* ଵ *Original Price ଵ Retail Price = Original Price + Mark Up 8 Chapter 6 Basic College Mathematics (ALEKS) Chapter Six PERCENTS ଷହ Mark Up = 35%. a) MU = ∗ $100 = $35 ଵ A) what is the mark up on $100? b) RP = $100+$35 = $135 B) what is the retail price? ହ ∗ 135 = $6.75 c) ST = C) 5% sales tax, what is total cost? ଵ TC = $135 + $6.75 = $141.75 Section 6 – 6 Percent Increase and Decrease Formula: Percent Increase = ௨௧ ூ௦ Percent Decrease = Note: ை ௨௧ ௨௧ ௦ ை ௨௧ % ூ ଵ ݔ100% = ݔ100% ௨௧ ூ ை ௨௧ Demisha’s salary increased from $42,500 to $44,200. What is the percent increase. Inc = $44,200-$42,500 = $1700 $ଵ % Inc = ݔ100 = 4% From a graph on Page 380, Day 2 = $21.00 and Day 3 = $20.58 What is the % decrease? Dec = 21.00-20.58 = $0.42 $.ସଶ % Dec = ݔ100 = 2% 9 $ସଶହ $ଶଵ. Chapter 6 Basic College Mathematics (ALEKS) Chapter Six PERCENTS Chapter Six Section Seven INTEREST SIMPLE AND COMPOUND Simple.Interest = (Pr inciple) x( Rate) x 1 x(Time) 100 Total = Principle + Interest Time = Years 1 12 Monthly = 30 365 or 1. I = $4300 x 7 x 1 x1 = $301 100 2. I = $4300 x7 x 1 3 x = $225.75 100 4 3. I = $4800 x8.5 x 1 30 x = $33.53 100 365 Daily = 1 365 T = $4800 + 33.53 = $4833.53 (Not on test – important to know and understand) Amount = Pr inciple + Interest A = P • (1 + 4. R n •t ) n • 100 P = 2000 R = 9% n = 1 T = 2 A = $2000 • (1 + 5. 9 1• 2 ) = $2000 • (1.09) 2 = $2000 • 1.1881 = $2376.20 1x100 ଷ ଵ ଼ ଶ P= 7000 R = 6 = 6.375% n = 2 T = 1 3 6.375 2• 2 A = $7000 • (1 + ) = $7000 • (1.031875)3 = $7690.938 = $7690.94 2 • 100 10 Chapter 6 Basic College Mathematics (ALEKS) Chapter Six PERCENTS Chapter Six Section Eight Min.Payment = (Pr inciple) x( Rate) x INTEREST RATES ON CREDIT CARDS AND LOANS 1 100 1. 1 = $97.3518 100 a) MP = $4867.59 x 2 x b) I = $4867.59 x 21.3x MP = $97 1 1 x = $86.3997225 100 12 I = $86.40 Applied to Principle = $97 - $86.40 = $10.60 c) I = $4867.59 x13.6 x 1 1 x = $55.17 100 12 Applied = $97 - $55.17 = $41.83 d) Difference = $41.83 - $10.60 = $31.23 2. a) I = $32,680 x3.37 x 1 1 x = $91.78 100 12 Applied = $321 - $91.78 = $229.22 1 1 x = $149.78 100 12 b) I = $32,680 x5.5 x c) 120 x $ 58 = $6960 Increase = $149.78 - $91.78 = $58 Don’t DO 3 – 5 (Not on test) Read Page 405 $153,000 @ 6.625% 30 yrs Interest $199,684.80 11 Chapter 6 Basic College Mathematics (ALEKS) Chapter Six PERCENTS 360 payments @ $979.68 = $352,684.80 15 yrs Interest $88,799.40 180 payments @ $1343.33 = $241,884.00 $363.65 extra a month saves $110,885.40 12 Chapter 6