Multiplying
compares part of a quantity to the hole quantity using a percent
find 10% * it by 2 find 1 percent * it by 2 add together
2/10=0.2 <1 the good is price inelastic
The quantity is decreasing.
Multiplying
Multiplying
Multiplying
4% of 50 is 2
Multiply the quantity by the percentage and divide by 100. So, to find 45% of 180, calculate (180*45)/100
Usually you compare two quantities, to find out how much percent one is of another. The second quantity is often a total, but it need not be so. Divide the first quantity by the second, and multiply the result by 100, to get the percentage.
9.5% is the same as 0.095 and so multiply this by the required quantity
find 10% * it by 2 find 1 percent * it by 2 add together
change of any quantity divided by its original quantity
Percent Increase
It is a way of representing an improper or proper fraction of the quantity using 100 as the denominator.
Any percent less than 100.