Percentage of a quantity
Identify the quantity that the percentage applies to. Convert the percentage, multiply, then round if required
- Convert the percentage Use a fraction or an exact decimal \(\displaystyle 17.5\%=\frac{7}{40}=0.175\)
- Keep the base and unit A percentage of a money amount is another money amount \(\displaystyle 0.175\times\$46.30=\$8.1025\)
- Apply the final precision For money, use cents when the question requires it \(\displaystyle \$8.1025\approx\$8.10\)
Worked example
Find the amount reserved for materials, to the nearest cent
- \(\displaystyle 18.5\%=0.185\)Convert the percentage into its decimal multiplier
- \(\displaystyle \text{Materials amount}=0.185\times\$94.60\)Apply that multiplier to the whole budget
- \(\displaystyle =\$17.501\)Keep the product exact before rounding
- \(\displaystyle \approx\$17.50\)Round the final amount to the nearest cent
Common mistakes
Difficulty levels
Questions about this topic
Can the percentage amount exceed the starting quantity?+
Yes, if the percentage exceeds one hundred
Why keep the original unit?+
The calculation scales the quantity. It does not change what the quantity measures
Can I use a calculator?+
A calculator is allowed unless a question is marked no calculator
Which year level and chapter is this?+
Year 12, VCE Units 3 & 4, Mathematical Methods, chapter 14: Statistical inference