Percentages are often used to describe changes in quantities or prices. For example,
| '30% extra free' | '10% discount' | 'add 16% VAT' |
This section deals with finding fractions or percentages of quantities.
Worked Examples
Find 20% of £84.
This can be done by converting 20% to either a fraction or a decimal.
Converting to a fraction
Note that20% = =| 20% of £84 | = × £84 |
| = £16.80 |
Converting to a decimal
Note that20% = 0.2| 20% of £84 | = 0.2 × £84 |
| = £16.80 |
A shopkeeper decides to increase some prices by 10%. By how much would she increase the price of:
First note that 10% = .
a bar of soap costing 90 pence
Show me| 10% of 90 p | = × 90 p |
| = 9 p |
So the cost of a bar of soap will be increased by 9 pence
a packet of rice costing £2.00?
Show me| 10% of £2 | = × £2 |
| = £0.20 or 20 p |
So the cost of a packet of rice is increased by 20 pence.
A farmer decides to sell 25% of his herd of 500 cattle. How many cows does he sell?
First note that 25% = .
| 25% of 500 | = × 500 |
| = 125 |
So he sells 125 cows.
Natasha invests £20 000 in a building society account. At the end of the year she receives 5% interest. How much interest does she receive?
First convert 5% to a fraction.
5% = =
| 5% of £20 000 | = × £20 000 |
| = £1000 |
So she receives £1000 interest.
