š Key Points
- Comparison by difference: A - B shows how much more or less A is than B.
- Comparison by division (ratio): A/B or A:B shows relative comparison between quantities.
- Percentage expresses a quantity per hundred: (Part/Whole) Ć 100
- To find x% of a number: Multiply the number by x/100
- To find what percent one number is of another: (Number/Total) Ć 100
- Percentage increase = [(New - Old)/Old] Ć 100; New Value = Old Ć (1 + Increase%/100)
- Percentage decrease = [(Old - New)/Old] Ć 100; New Value = Old Ć (1 - Decrease%/100)
- Profit = SP - CP; Profit % = (Profit/CP) Ć 100; Note: Always divide by CP, not SP
- Loss = CP - SP; Loss % = (Loss/CP) Ć 100; Note: Always divide by CP, not SP
- Discount is calculated on Marked Price (MP): Discount % = (Discount/MP) Ć 100
- SP = MP - Discount; Also SP = MP Ć (1 - Discount%/100)
- Ratio a:b compares two quantities; Order matters; Simplify by dividing by GCD
- Proportion is equality of two ratios: a:b = c:d means aĆd = bĆc (cross multiplication)
- Unitary method: Find value of 1 unit, then multiply by required quantity
- In all percentage calculations: Always identify what is the Part and what is the Whole
š Important Definitions
š¢ Formulas & Laws
Percentage Formula
Percentage = (Part / Whole) Ć 100
Also: Part = (Percentage/100) Ć Whole; Whole = Part Ć (100/Percentage)
Percentage Increase
% Increase = [(New - Old) / Old] Ć 100; New = Old Ć (1 + %/100)
New value is always larger than original
Percentage Decrease
% Decrease = [(Old - New) / Old] Ć 100; New = Old Ć (1 - %/100)
New value is always smaller than original
Profit and Loss
Profit % = (Profit/CP) Ć 100; Loss % = (Loss/CP) Ć 100; Note: Always divide by CP
SP = CP + Profit; SP = CP - Loss
Discount
Discount % = (Discount/MP) Ć 100; SP = MP - Discount = MP Ć (1 - Discount%/100)
Discount is always on Marked Price, not on Cost Price
ā ļø Common Mistakes
ā Wrong: Calculating profit % on SP instead of CP. Wrong: (Profit/SP) Ć 100
ā Correct: Correct: Always use CP. Profit % = (Profit/CP) Ć 100
ā Wrong: Calculating percentage increase/decrease on new value. Wrong: (Change/New) Ć 100
ā Correct: Correct: Always use original value. % Change = (Change/Original) Ć 100
ā Wrong: Calculating discount % on SP instead of MP. Wrong: (Discount/SP) Ć 100
ā Correct: Correct: Discount % = (Discount/MP) Ć 100 (always on Marked Price)
ā Wrong: Not simplifying ratios. Writing 12:18 instead of 2:3
ā Correct: Correct: Always simplify ratios to lowest terms by dividing by GCD
ā Wrong: Confusing percentage increase multiplier. 25% increase = 1.25, not 0.25
ā Correct: Correct: x% increase multiplies by (1 + x/100). For 25%: multiply by 1.25
š Exam Focus
These questions are frequently asked in CBSE exams:
šÆ Last-Minute Recall
Close your eyes and try to recall: Key definitions, formulas, and 3 common mistakes. If you can recall 80% without looking, you're exam-ready!