Business Mathematics

Business

Quiz 3 :
Percents

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Quiz 3 :
Percents

The Percent formula is expressed as, img The base that is the whole or total is related with the rate which is the number followed by % and part. Complete the following table in the following way: img

The formula of percentage img …… (1) D owned a small apartment complex worth $865,000 last year, and he sold the same for $892,680 this year. Find out the percent increase in value in the following way: img The change in amount comes out to be $27,680 and the base is $865,000. Use the formula in equation (1) and solve the percentage increase in value. img Hence, the percent increase in value is 3.2%.

Recall the property that you can change from a decimal to a percent by moving the decimal point two places to the right and adding a percent sign. You get img In conclusion, you obtain that the percent form for 0.375 is img .