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3.7: Percent Problems

Difficulty Level: At Grade Created by: CK-12

Learning Objectives

• Find a percent of a number.
• Use the percent equation.
• Find the percent of change.

Introduction

A percent is simply a ratio with a base unit of 100. When we write a ratio as a fraction, the base unit is the denominator. Whatever percentage we want to represent is the number on the numerator. For example, the following ratios and percents are equivalent.

Fraction Percent Fraction Percent
50% 0.5%
10% 4%
99% 60%
12.5% 0.01%

Fractions are easily converted to decimals, just as fractions with denominators of 10, 100, 1000, 10000 are converted to decimals. When we wish to convert a percent to a decimal, we divide by 100, or simply move the decimal point two units to the left.

Percent Decimal Percent Decimal Percent Decimal
10% 0.1 0.05% .0005 0% 0
99% 0.99 0.25% .0025 100% 1

Find a Percent of a Number

One thing we need to do before we work with percents is to practice converting between fractions, decimals and percentages. We will start by converting decimals to percents.

Example 1

Express 0.2 as a percent.

The word percent means “for every hundred”. Therefore, to find the percent, we want to change the decimal to a fraction with a denominator of 100. For the decimal 0.2 we know the following is true:

Solution

We can take any number and multiply it by without changing that number. This is the key to converting numbers to percents.

Example 2

Express 0.07 as a percent.

Solution

It is a simple process to convert percentages to decimals. Just remember that a percent is a ratio with a base (or denominator) of 100.

Example 3

Express 35% as a decimal.

Example 4

Express 0.5% as a decimal.

In practice, it is often easier to convert a percent to a decimal by moving the decimal point two spaces to the left.

The same trick works when converting a decimal to a percentage, just shift the decimal point two spaces to the right instead.

When converting fractions to percents, we can substitute for , where is the unknown percentage we can solve for.

Example 5

Express as a percent.

We start by representing the unknown as or .

Solution

Example 6

Express as a percent.

Again, represent the unknown percent as , cross-multiply, and solve for .

Solution

Converting percentages to simplified fractions is a case of writing the percentage ratio with all numbers written as prime factors:

Example 7

Express 28% as a simplified fraction.

First write as a ratio, and convert numbers to prime factors.

Now cancel factors that appear on both numerator and denominator.

Solution

Multimedia Link The following video shows several more examples of finding percents and might be useful for reinforcing the procedure of finding the percent of a number. Khan Academy Taking Percentages (9:55)

Use the Percent Equation

The percent equation is often used to solve problems.

Percent Equation: Rate Total = Part or “R% of Total is Part”

Rate is the ratio that the percent represents (R% in the second version).

Total is often called the base unit.

Part is the amount we are comparing with the base unit.

Example 8

Find 25% of $80 Use the percent equation. We are looking for the part. The total is$80. ‘of’ means multiply. R% is 25% so the rate is or 0.25.

Solution

25% of $80 is$20.

Remember, to convert a percent to a decimal, you just need to move the decimal point two places to the left!

Example 9

Find 17% of $93 Use the percent equation. We are looking for the part. The total is$93. R% is 17% so the rate is 0.17.

Solution

17% of $93 is$15.81.

Example 10

Express $90 as a percentage of$160.

Use the percent equation. This time we are looking for the rate. We are given the part ($90) and the total ($160). We will substitute in the given values.

Solution

$90 is 56.25% of 160. Example 11$50 is 15% of what total sum?

Use the percent equation. This time we are looking for the total. We are given the part ($50) and the rate (15% or 0.15). The total is our unknown in dollars, or . We will substitute in these given values. Solution$50 is 15% of $333.33. Find Percent of Change A useful way to express changes in quantities is through percents. You have probably seen signs such as “20% extra free”, or “save 35% today.” When we use percents to represent a change, we generally use the formula. A positive percent change would thus be an increase, while a negative change would be a decrease. Example 12 A school of 500 students is expecting a 20% increase in students next year. How many students will the school have? The percent change is +20. It is positive because it is an increase. The original amount is 500. We will show the calculation using both versions of the above equation. First we will substitute into the first formula. Solution The school will have 600 students next year. Example 13 A$150 mp3 player is on sale for 30% off. What is the price of the player?

The percent change is given, as is the original amount. We will substitute in these values to find the final amount in dollars (our unknown ). Note that a decrease means the change is negative. We will use the first equation.

Solution

The mp3 player is on sale for $105. We can also substitute straight into the second equation and solve for the change . Solution Since the actual change is -45($), the final price is .

A mark-up is an increase from the price a store pays for an item from its supplier to the retail price it charges to the public. For example, a 100% mark-up (commonly known in business as keystone) means that the price is doubled. Half of the retail price covers the cost of the item from the supplier, half is profit.

Example 14 – Mark-up

A furniture store places a 30% mark-up on everything it sells. It offers its employees a 20% discount from the sales price. The employees are demanding a 25% discount, saying that the store would still make a profit. The manager says that at a 25% discount from the sales price would cause the store to lose money. Who is right?

We will consider this problem two ways. First, let us consider an item that the store buys from its supplier for $1000. So a$1000 item would retail for $1300.$300 is the profit available to the store. Now, let us consider discounts.

So with a 20% discount, employees pay

With a 25% discount, employees pay

6. An employee at a store is currently paid $9.50 per hour. If she works a full year she gets a 12% pay rise. What will her new hourly rate be after the raise? 7. Store A and Store B both sell bikes, and both buy bikes from the same supplier at the same prices. Store A has a 40% mark-up for their prices, while store B has a 250% mark-up. Store B has a permanent sale and will always sell at 60% off those prices. Which store offers the better deal? Review Answers 1. 1.1% 2. 0.1% 3. 91% 4. 175% 5. 2000% 1. 16.67% 2. 20.83% 3. 85.71% 4. 157.14% 5. -13.40% 1. 27 2. 33.233 3. -1.15115 1.$300
2. \$10.64
3. Both stores’ final sale prices are identical.

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