Note: The video for this module contains a summary of all the concepts covered in this lesson. The video would serve as a good revision. Please watch this video in intervals of a few weeks so that you do not forget the concepts. Below is a cheatsheet that includes all the formulae but not necessarily the concepts covered in the video.
9. Cheatsheet
1) % = 1001 and 100%=1
2) x% of y = 100x×y
3) If a certain value is increased by x% or decreased by y%, then (1+100x) or (1−100y) are the respective multiplication factors.
4) Where x and y are two numbers,
- if x has increased or decreased toy, then x is now equal to y.
- if x has increased byy, then x is now equal to x+y.
- if x has decreased byy, then x is now equal to x−y.
5) If the quantity p has now changed to q, percentage change = pq−p×100%
6) If there are successive changes of p%, q% and r% in three stages, the effective percentage change is
((1+100p)(1+100q)(1+100r)−1)×100 (p, q and r are integers, wherein a negative value suggests a decrease)
7) Percentage point or percent point is the arithmetic difference of two percentages. If a certain rate of x%grew byypercentage points, then the new rate is (x+y)%.
8) Where the product of two variables - xandy, is constant,
- if xincreases by ba of itself, then ydecreases by b+aa of itself
- if xdecreases by ba of itself, then yincreases by b−aa of itself
9) Where the base year's value is 100, index value in yearx = Price of goods/stock in base yearPrice of goods/stock in yearx×100
10) Where x and y are two variables,
- if x is bamore thany, then y is b+aaless thanx.
- if x is baless thany, then y is b−aamore thanx.
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