PERCENT OF A NUMBER

Lesson 29 Section 2
Fractional percent
Back to Section 1

6. What does % mean?

Half of 1%. Half of the hundredth part.

Example 1. Distinguish the following:

a) Half of $600. b) % of $600.
Answers.
a) Half of $600 is $300.
b) % of $600 means Half of 1% of $600.
1% of $600 is $6. 00.
(Lesson 4, Question 6.) Therefore,
% of $600 is $3. 00.
Example 2. How much is half, or 50%, of $824? How much is %
of $824?
Answer. Half of $824 is $412. (Lesson 16.) % is $4.12.
Again, % means Half of 1%.
1% of $824 is $8.24.
% of $824 is $4.12.
Note that half of $824 and % of $824 have the same digits: 4, 1, 2.
% is equal to 1% of half
Example 3. How much is % of $800?
Answer. % means a quarter of 1%.
1% of $800 is $8.00 .
% of $800 is $2.00.
Example 4. Jacqueline deposited $2000 in the bank, where the interest is
3% annually. In one year, how much interest will she earn?
Answer. We have to calculate 3% of $2000. We can get it from 1%:
1% of $2000 is $20.00.
Therefore, 3% is
1
 3 20 = "Three times 20 + Half of 20"
(Lesson 27, Question 2)
= 60 + 10
= 70.
She will earn $70 in interest.
Example 5. Calculator problem. How much is 6% of $104.16?
Solution. The Amount is missing. Press

104.166.5%
See:
6.7704
This is approximately, $6.77.
If your calculator does not have a percent key, then change 6.5% to a
decimal (Lesson 4), and press = . Press

104.16.065=

FRACTIONAL PERCENT
PROBLEMS

16. What does % mean? Half of 1%.

17. Compare the following.

17. a) Half of $800 = $400 b) % of $800 = $4.00

1.8. Calculate mentally from 1%.

18. a) % of $1000 = $5.00 b) % of $900 = $4.50
18. c) % of $1200 = $6.00 d) % of $1200 = $3.00

18. e) % of $840 = $4.20 f) % of $840 = $2.10

18. g) % of $1,624 = $8.12 h) % of $1624 = $4.06

18. i) 10% of $900 = $94.50 j) 10% of $3200 = $328

19. Maria deposited $1,000 in the bank where the interest is 4%

19. annually. How much interest will she earn? = $45

2
 FRACTIONAL PERCENT
ANSWERS
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Do the problem yourself first!

16. What does % mean? Half of 1%.

17. Compare the following.

17. a) Half of $800 = $400 b) % of $800 = $4.00

1.8. Calculate mentally from 1%.

18. a) % of $1000 = $5.00 b) % of $900 = $4.50
18. c) % of $1200 = $6.00 d) % of $1200 = $3.00

18. e) % of $840 = $4.20 f) % of $840 = $2.10

18. g) % of $1,624 = $8.12 h) % of $1624 = $4.06

18. i) 10% of $900 = $94.50 j) 10% of $3200 = $328

19. Maria deposited $1,000 in the bank where the interest is 4%

19. annually. How much interest will she earn? = $45