Review Sheet: Ratio, Proportion, Percent, Interest, and Percent of Change Concept Ratio: A ratio shows a relationship between two numbers. Ratios can be written three different ways. 5 5 to 3 or 5:3 or 3 Ratios are not fractions, but ratios can be reduced to 12 3 their lowest terms. = 12:28 = 3:7 or 28 7 Sample Problem Sally spends $200 of her $1,100 total monthly budget on food. What is the ratio of her food expenses to her total monthly expenses? Proportion: A proportion is an equation that shows that two ratios are equal. The cross products of a true proportion are equal. That is, when you multiply diagonally across the equals sign, the products are equal. (Be sure the same units are straight across from each other.) 3 ´ 12 = 24 3 women 12 women = ´ 2 8 = 24 2 men 8 men Proportion with Missing Number: If you know three of the four numbers in a proportion, you can solve for the missing number. The cross product becomes the numerator and the remaining number the denominator. The directions on the hot chocolate mix say, “Add 3 teaspoons of mix to every 10 ounces of hot milk.” Bill, Sam, and Fred mixed 9 teaspoons of mix with 30 ounces of hot milk. Did they make their hot chocolate correctly? Yes, 3 mix 9 mix 3´ 9 = 90 = they 10 milk 30 milk 10 ´ 30 = 90 did. M a t h Com p oser 1. 1. 5 ht t p: / / www. m at hco m poser . com M at h Com p oser 1. 1 . 5 ht t p : / / www. m at hcom poser . com $200 to $1,100 = 2 to 11 or 2:11 or M at h Com pos er 1. 1. 5 ht t p: / / www. m at hcom p oser . com M a t h Com p oser 1. 1. 5 ht t p: / / www. m at hco m poser . com M at h Com pose r 1. 1. 5 ht t p: / / www. m a t hcom po ser . com M at h Com po ser 1. 1. 5 ht t p : / / www. m at hcom poser . com M a t h Com p oser 1. 1. 5 ht t p: / / www. m at hco m poser . com M at h Com poser 1. 1. 5 ht t p: / / www. m at h com poser . c om M at h Com poser 1. 1. 5 ht t p: / / www. m at h com poser . c om N = 33 ´ 30 = 110 9 M at h Com pos er 1. 1. 5 ht t p : / / www. m at hcom p oser . com M at h Com po ser 1. 1. 5 ht t p : / / www. m at hcom poser . com 33 N = 9 30 Change Percent to a Fraction: Write the percent over 100 and reduce. Change Fraction to a Percent: Divide the numerator by the denominator, move the decimal two places to the right, and add a percent sign. Change Percent to a Decimal: Drop the percent sign and move the decimal two places to the left. Change Decimal to a Percent: Move the decimal two places to the right and add a percent sign. Percent by Proportion: In any percent problem, there are three elements: the Part, the Whole or Base, and the Percentage Rate. These problems can be solved with this proportion setup, using 100 as the denominator Part % Rate = on the right. Whole or Base 100 M at h Com po ser 1. 1. 5 ht t p : / / www. m at hcom poser . co m Percent by Diagram: Percent problems can also be solved using this percent diagram. Cover the element you do not know. Do the indicated operation with the other two elements. M a t h Com p oser 1. 1. 5 ht t p: / / www. m at hco m poser . com M at h Com pose r 1. 1. 5 ht t p: / / www. m a t hcom pose r . com M at h Com pos er 1. 1. 5 ht t p: / / www. m at hcom p oser . com M a t h Com p oser 1. 1. 5 ht t p: / / www. m at hco m poser . com 2 11 M at h Com p oser 1. 1. 5 ht t p : / / www. m at hco m poser . com M at h Com p oser 1. 1. 5 ht t p : / / www. m at hco m poser . com A map scale says that 2 inches = 150 miles. What actual distance would a map distance of 5 inches represent? N = 150 ´ 5 = 375 mi. 2 M at h Com pos er 1. 1. 5 ht t p : / / www. m at hcom p oser . com M at h Com po ser 1. 1. 5 ht t p : / / www. m at hcom poser . co m 2 in. 5 in. = 150 mi. N mi. M at h Com pose r 1. 1. 5 ht t p: / / www. m a t hcom pos er . com What fraction equals 80%? 80 8 4 = = 100 10 5 M at h Com p oser 1. 1 . 5 ht t p : / / www. m at hcom poser . com What percent equals 5 ? 8 5 ÷ 8 = 0.625 0.625 = 62.5% What decimal equals 22.5%? 22.5% = 0.225 What percent equals 3.75? 3.75 = 375% The Mohamed’s pay 25% of their family’s total monthly budget of $2,100 to rent their apartment. How much is their monthly rent for their apartment? M at h Com po ser 1. 1. 5 ht t p : / / www. m at hcom poser . c om $N 25 = $2,100 100 N = 2,100 ´ 25 = 52,500 = $525 100 100 M at h Com po ser 1. 1. 5 ht t p : / / www. m at hcom poser . co m The Mohamed’s pay 25% of their family’s total monthly budget of $2,100 to rent their apartment. How much is the monthly rent for their apartment? $2,100 x 25% = $525 Jerry gave his sister 30% of his Halloween candy. If he gave her 12 pieces of candy, how many pieces of candy did he start with? 12 ÷ 30% = 40 Simple Interest: The formula to calculate simple interest is: Interest = Principal x Rate x Time. Rate is a percentage and time must be in years. Remember Interest + Principal = Total Payback. Asher borrows $2,500 from his uncle for three years at 6% interest. What is the total amount he will he pay back to his uncle for the loan. Percent of Change: Percent is often used to describe the amount of change over time. Calculate percent of change in two steps: 1. Subtract the smaller number from the larger number. 2. Divide this difference by the original number (the number before the change). A jacket is now on sale for $90. Last week the same jacket was selling for $120. By what percent was the price of the jacket reduced? ● $2,500 x 6% x 3 = $450 interest ● $2,500 + $450 = $2,950 total payback ● $120 - $90 = $30 ● $30 ÷ 120 = 0.25 = 25% The jacket’s price was reduced by 25%.