How to Find Percentage: A Step-by-Step Guide
Are you struggling to find the percentage of a given value? Do you want to know how to calculate percentage increase or decrease? Look no further! This article will walk you through the simple steps to find percentage, with examples and illustrations to help you understand the concept.
What is Percentage?
Before we dive into the calculation process, let’s define what percentage is. A percentage is a way to express a value as a fraction of 100. It’s a dimensionless ratio that represents a part of a whole. For example, 25% means “25 out of every 100.”
The Formula to Find Percentage
The formula to find percentage is straightforward:
Percentage = (Part/Whole) × 100
Where:
Example 1: Simple Percentage Calculation
Suppose you want to find the percentage of the number 20 out of the number 80. To do this:
Therefore, the percentage of 20 out of 80 is 25%.
Example 2: Percentage Increase
Let’s say you have a salary of \(50,000 last year and this year it has increased to \)55,000. To find the percentage increase:
Therefore, your salary has increased by 10%.
Example 3: Percentage Decrease
Now, let’s say you had \(100 in your bank account last year, and this year it has decreased to \)90. To find the percentage decrease:
Therefore, your bank account has decreased by 10%.
Tips and Tricks
Conclusion
Finding percentage is a straightforward process that requires a simple formula and some basic arithmetic operations. By following the steps outlined in this article, you should be able to calculate percentage increase, decrease, and find the percentage of a given value. Remember to use the correct units, convert if necessary, and be careful with decimals. With practice, you’ll become a pro at finding percentage in no time!