FAQs on Basic of Percentage

Question 1

1. What is percentage and how is it calculated?

Accepted Answer

Ans. Percentage is a way to express a fraction or a proportion out of 100. It is calculated by dividing the part by the whole and multiplying the result by 100. The formula for calculating percentage is: Percentage = (Part/Whole) x 100.

Question 2

2. How is percentage used in everyday life?

Accepted Answer

Ans. Percentage is used in various aspects of everyday life. It helps in calculating discounts during shopping, understanding interest rates on loans or investments, determining grades in school, analyzing statistical data, and comparing quantities or values in different scenarios.

Question 3

3. How can I calculate percentage increase or decrease?

Accepted Answer

Ans. To calculate the percentage increase or decrease, you need to find the difference between the new value and the original value. Then divide that difference by the original value and multiply by 100. If the result is positive, it represents an increase in percentage, and if it is negative, it indicates a decrease.

Question 4

4. How can I find a percentage of a given number?

Accepted Answer

Ans. To find a percentage of a given number, multiply the number by the percentage and divide the result by 100. This will give you the required percentage of the given number.

Question 5

5. How is percentage used in business and finance?

Accepted Answer

Ans. Percentage plays a crucial role in business and finance. It is used to calculate profit and loss percentages, analyze financial statements, determine return on investment (ROI), calculate sales tax, calculate interest rates on loans or credit cards, and evaluate performance indicators such as gross profit margin or net profit margin.

Basic of Percentage Video Lecture - Crash Course for SSC CGL (Hindi)

Crash Course for SSC CGL (Hindi)

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