What is a Percentage?
Before diving into calculations, let’s quickly define what a percentage is. A percentage is a way of expressing a proportion or a fraction out of 100. In simpler terms, it represents a portion of a whole.
Step-by-Step Guide to Finding the Percentage Between Two Numbers:
1. Determine the numbers: Start by identifying the two numbers you want to find the percentage between. For example, let’s say you want to find the percentage of how much you earned from a $100 investment.
2. Subtract the numbers: Subtract the smaller number from the larger number. In our example, if you earned $50 from your $100 investment, subtract 50 from 100, yielding 50.
3. Divide: Divide the result from step 2 by the smaller number. In our example, divide 50 by 100 to get 0.5.
4. Multiply by 100: To convert the decimal into a percentage, multiply the result from step 3 by 100. In our example, multiply 0.5 by 100 to get 50.
5. Final result: The result obtained in step 4 is the percentage between the two numbers. In our example, the percentage earned from the $100 investment is 50%.
Common Scenarios:
Here are some additional scenarios where knowing how to calculate percentages can be useful:
- Discounts: When shopping, understanding percentage discounts helps you determine the final price of an item on sale.
- Tip calculations: Calculating a percentage tip on a restaurant bill is a great way to show gratitude for excellent service.
- Interest rates: In finance, calculating interest rates is essential when borrowing money or investing.
- Markup and markdown: Businesses often use percentages to calculate price increases or decreases.
Now that you have a solid understanding of how to find the percentage between two numbers, you can confidently calculate percentages for a variety of real-life situations. Remember to practice and apply this knowledge to improve your skills.
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