Percents
Many students don't have a secure understanding of percentages. This is a problem, for several reasons. Percentages pervade our lives, and so it's important to have a good "feel" for them. On-the-fly estimates involving money, medicine, politics, and the like often require their calculation. Percent questions also frequently appear on the SAT/ACT. In a nutshell, percents are fractions with denominator 100. The “50-25-10” rule enables use of simple unit fractions as guides in estimating percentages: 50% = 1/2. 25% = 1/4. 10% = 1/10. Example 1 To estimate 62% of 48,300, first, round 62% to 60%, and 48,300 to 48,000, for convenience. 60% is 10% more than half. Half of $48,000 is 24,000, and 10% of 48,000 is 4,800. Altogether, this makes $28,800. Since we rounded down, adjust the answer up a little, to perhaps 30,000. The correct answer is 29,760. To work out tricky SAT/ACT percent problems, it’s sometime best to pick a sample value to work with, and see what happens. In ...