1 Percentages Contents 1.1 Percentages 1.2 Percentage Change

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Presentation transcript:

1 Percentages Contents 1.1 Percentages 1.2 Percentage Change 1.3 Profit and Loss 1.4 Discount 1.5 Interest Mr. Bloom, Monroe H.S.

1.1 Percentages Example 1 Solution : A percentage is a fraction converted to a decimal, and then multiplied by 100 and add percent sign (%). For example, Example 1 Change each of the following into percentage. (b) (a) 0.83 Solution :

1.2 Percentage Change When an original value is changed to a new value, the percentage change of the value can be measured in the following way.  

1.2 Percentage Change Example 2 Solution : Peter’s weight decreases from 60 kg to 48 kg. Find the percentage change of his weight. Solution : If the answer is positive, it means a percentage increase. If the answer is negative, it means a percentage decrease.  Percentage decrease of weight is 20%.

1.3 Profit and Loss The profit and loss in trading refers to the difference between the cost price and the selling price. The selling price can be found if the cost price and the percentage change are given.

1.3 Profit and Loss  Loss percentage of car’s price is 40%. Example 4 David bought a car for $90 000 three years ago. He sells the car for $54 000 this year. What is the percentage change of his car’s price? Solution : When the percentage change is positive, it means there is a profit. When the percentage change is negative, it means there is a loss.  Loss percentage of car’s price is 40%.

1.4 Discount Discount is a price deduction from a marked price in purchasing. Example 5 The marked price of a washing machine is $4500. If the selling price is $3000, find the discount percentage. Solution :

1.5 Interest Let P be the principal, I be the interest, A be the amount, r% be the interest rate per period and t be the number of periods. (a) Simple Interest

1.5 Interest Let P be the principal, I be the interest, A be the amount, r% be the interest rate per period and t be the number of periods. (a) Simple Interest Roberto deposited $3000 in a savings account for 2 years @ 3% in order to buy a car. How much interest did he earn? I = Prt => I = P r t =$3000 x .03 (decimal form of 3%) x 2 $90 x 2 = $180 in interest earned