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Basic concepts of Percentage Video Lecture | Quantitative Techniques for CLAT

56 videos|104 docs|95 tests

FAQs on Basic concepts of Percentage Video Lecture - Quantitative Techniques for CLAT

1. What is the concept of percentage?
Ans. The concept of percentage is a way of expressing a fraction or a ratio as a part of 100. It is used to compare quantities and represent relative values.
2. How is percentage calculated?
Ans. Percentage is calculated by dividing the part by the whole and multiplying the result by 100. The formula is: Percentage = (Part / Whole) x 100.
3. How can percentages be used in real-life situations?
Ans. Percentages are used in various real-life situations, such as calculating discounts during sales, determining the percentage of marks obtained in exams, analyzing population growth rates, calculating interest rates on loans, and comparing prices.
4. What is the relationship between fractions and percentages?
Ans. Fractions and percentages are related because percentages can be expressed as fractions. To convert a percentage to a fraction, we simply write the percentage as the numerator and 100 as the denominator, and then simplify the fraction if possible.
5. How can percentages be used to analyze data?
Ans. Percentages are commonly used to analyze data by comparing different parts to the whole. For example, in a survey, percentages can be used to determine the proportion of people who chose a particular option or category. This helps in understanding the relative distribution or prevalence of different responses or variables.
56 videos|104 docs|95 tests

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