Bank Exams Exam > Bank Exams Videos > Crash Course for Banking Exams > Problems on Percentages - 1
Problems on Percentages - 1 Video Lecture | Crash Course for Banking Exams - Bank Exams
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FAQs on Problems on Percentages - 1 Video Lecture - Crash Course for Banking Exams - Bank Exams
| 1. What is a percentage and how is it calculated? |  |
Ans. A percentage is a way to express a fraction or a part of a whole as a fraction of 100. It is calculated by dividing the part by the whole and then multiplying the result by 100.
| 2. How can percentages be used in real-life situations? | |
Ans. Percentages are widely used in various real-life situations. For example, they can be used to calculate discounts on products, determine tax amounts, analyze population growth rates, or calculate interest rates on loans.
| 3. How can I calculate the percentage increase or decrease between two values? | |
Ans. To calculate the percentage increase or decrease between two values, you need to find the difference between the two values and then divide it by the original value. Multiply the result by 100 to get the percentage.
| 4. How can percentages be used to analyze data or statistics? | |
Ans. Percentages are commonly used to analyze data or statistics by providing a relative comparison. They can be used to determine the proportion of a certain group within a larger population, compare different categories or variables, or track changes over time.
| 5. Can you provide an example of how percentages are used in a business context? | |
Ans. Sure! In a business context, percentages can be used to calculate profit margins. For example, if a product costs $50 to produce and is sold for $80, the profit margin can be calculated by subtracting the cost from the selling price ($80 - $50 = $30) and then dividing it by the selling price ($30 / $80 = 0.375). The profit margin is then multiplied by 100 to get the percentage (0.375 * 100 = 37.5%).
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Dec 23, 2024 Last updated |
Video Description: Problems on Percentages - 1 for Bank Exams 2024 is part of Crash Course for Banking Exams preparation.
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