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L8 : Percentage in Real Life - Comparing Quantities , Maths, Class 7 Video Lecture

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FAQs on L8 : Percentage in Real Life - Comparing Quantities , Maths, Class 7 Video Lecture

1. What is the concept of percentage in real life?
Ans. The concept of percentage in real life refers to representing a part of a whole as a fraction of 100. It is commonly used to express proportions, discounts, interest rates, and many other everyday situations.
2. How do we compare quantities using percentages?
Ans. To compare quantities using percentages, we can calculate the percentage of each quantity and then compare the values. For example, if we have two quantities A and B, we can calculate the percentage of A and B separately and then compare the percentages to determine which quantity is larger.
3. Can you give an example of comparing quantities using percentages?
Ans. Sure! Let's say we are comparing the prices of two products, A and B. Product A costs $50 and product B costs $40. To compare them using percentages, we can calculate the percentage difference between the two prices. Percentage difference = (|A - B| / A) * 100 Percentage difference = (|50 - 40| / 50) * 100 Percentage difference = (10 / 50) * 100 Percentage difference = 20% So, product B is 20% cheaper than product A.
4. How is the concept of percentage useful in real life situations?
Ans. The concept of percentage is highly useful in real life situations. It helps us understand proportions, make comparisons, calculate discounts, determine interest rates, analyze statistics, and much more. For example, when shopping, we often encounter discounts expressed in percentages, and understanding percentages allows us to calculate the final price after the discount.
5. Can you provide another example of how percentages are used in real life?
Ans. Certainly! Another example is when dealing with financial investments. Banks and financial institutions offer interest rates on savings accounts, loans, and other financial products. These interest rates are usually given in percentages, allowing individuals to calculate how much interest they will earn or pay over time. This understanding of percentages helps individuals make informed decisions regarding their finances.
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