2.3 Ratios, Proportions & Percentages
Key Takeaways
- A ratio compares two or more quantities of the same unit and can be simplified by dividing each term by their Highest Common Factor (HCF).
- To divide a total quantity into a given ratio a:b, sum the ratio parts (a + b), calculate the value of one part (Total / (a + b)), and multiply by each part's ratio value.
- Direct proportion indicates that two quantities scale at a constant rate; the unitary method solves proportion problems by finding the cost/quantity of a single unit first.
- Percentage measures a rate per hundred; percentage increase or decrease is calculated as |New Value - Original Value| / Original Value * 100%.
- Commercial applications include Profit (SP - CP), Loss (CP - SP), Discount (Marked Price - Sale Price), and Simple Interest (I = (P * R * T) / 100).
Ratios, Proportions & Unit Rate Methods
Core Concept: A ratio is a comparative expression matching two or more quantities of the same kind measured in identical units. A proportion is an equation stating that two ratios are equal ($a:b = c:d$).
1. Ratios and Simplification
A ratio comparing quantity $A$ to quantity $B$ is written as $A : B$, $\frac{A}{B}$, or '$A$ to $B$'. Because ratios represent relative comparisons, multiplying or dividing both terms by the same non-zero number produces an equivalent ratio.
Rules for Simplifying Ratios:
- Ensure all terms are expressed in the same unit of measurement before simplifying.
- Divide all terms by their Highest Common Factor (HCF).
- If terms are fractions, multiply all terms by the Least Common Multiple (LCM) of their denominators to obtain whole number terms.
Worked Examples: Ratio Simplification
- Example 1 (Basic): Simplify $24 : 36$.
- Find $\text{HCF}(24, 36) = 12$.
- Divide both terms by $12$: $\frac{24}{12} : \frac{36}{12} = \mathbf{2 : 3}$.
- Example 2 (Unit Conversion): Simplify $45 \text{ minutes} : 2 \text{ hours}$.
- Convert hours to minutes: $2 \text{ hours} = 2 \times 60 = 120 \text{ minutes}$.
- Ratio: $45 : 120$.
- Divide by $\text{HCF}(45, 120) = 15$: $\frac{45}{15} : \frac{120}{15} = \mathbf{3 : 8}$.
- Example 3 (Fractional Terms): Simplify $\frac{1}{2} : \frac{3}{4}$.
- Multiply both terms by $\text{LCM}(2, 4) = 4$: $(\frac{1}{2} \times 4) : (\frac{3}{4} \times 4) = \mathbf{2 : 3}$.
2. Dividing Quantities in a Given Ratio
To divide a total quantity $Q$ into a ratio $a : b : c$, follow this reliable 3-step algorithm:
3-Step Ratio Division Algorithm:
- Calculate Total Ratio Parts: $\text{Total Parts} = a + b + c$.
- Determine Value per Part: $\text{Value of 1 Part} = \frac{Q}{\text{Total Parts}}$.
- Calculate Individual Shares: Multiply the value of 1 part by each ratio term ($a \times \text{Value}$, $b \times \text{Value}$, $c \times \text{Value}$).
Comprehensive Worked Example
Problem: Share $$450$ among Sarah, Marcus, and Devin in the ratio $2 : 3 : 4$.
Solution:
- Step 1: Calculate total ratio parts: $2 + 3 + 4 = 9 \text{ parts}$.
- Step 2: Find the value of $1$ part: $\text{Value of 1 Part} = \frac{$450}{9} = $50$.
- Step 3: Calculate individual shares:
- Sarah's share ($2$ parts) $= 2 \times $50 = \mathbf{$100}$.
- Marcus's share ($3$ parts) $= 3 \times $50 = \mathbf{$150}$.
- Devin's share ($4$ parts) $= 4 \times $50 = \mathbf{$200}$.
- Verification Check: $$100 + $150 + $200 = $450$.
3. Direct Proportion and the Unit Rate (Unitary) Method
Two variables are in direct proportion when an increase in one variable causes a proportional increase in the other, keeping their ratio constant ($\frac{y}{x} = k$).
The Unitary Method Framework:
- Find Unit Rate: Divide the given total cost/amount by the given quantity to find the rate for $1$ single unit.
- Scale to Target: Multiply the single unit rate by the desired target quantity.
Worked Example: Unit Rate Calculation
Problem: If $8$ exercise books cost $$28.00$, determine the cost of $14$ exercise books.
- Step 1 (Unit Rate): Cost of $1$ book $= \frac{$28.00}{8} = $3.50$.
- Step 2 (Target Cost): Cost of $14$ books $= 14 \times $3.50 = \mathbf{$49.00}$.
Percentages & Commercial Arithmetic
1. Percentage Principles & Percentage Change
A percentage is a fraction expressed with a fixed denominator of $100$ (symbolised by $%$).
Basic Formulas:
- Percentage of a Quantity: $\text{Value} = \frac{\text{Percentage}}{100} \times \text{Total Quantity}$.
- Expressing $A$ as a Percentage of $B$: $\text{Percentage} = \frac{A}{B} \times 100%$.
Percentage Increase and Percentage Decrease
To measure percentage change relative to an original starting amount:
Worked Examples
- Example 1 (Percentage Increase): A store increases the price of a bag from $$80$ to $$96$. Find the percentage increase.
- Increase $= $96 - $80 = $16$.
- Percentage Increase $= \frac{$16}{$80} \times 100% = \frac{1}{5} \times 100% = \mathbf{20%}$.
- Example 2 (Percentage Decrease): School enrolment drops from $500$ students to $425$ students. Find the percentage decrease.
- Decrease $= 500 - 425 = 75$.
- Percentage Decrease $= \frac{75}{500} \times 100% = \frac{15}{100} \times 100% = \mathbf{15%}$.
2. Commercial Math: Profit, Loss, Discount & Simple Interest
Commercial arithmetic applies percentage rules to business transactions and monetary management.
Commercial Definitions and Formulas Table
| Concept | Definition | Key Mathematical Formula |
|---|---|---|
| Cost Price (CP) | Amount paid by a seller to acquire or produce an item. | Base value ($100%$) for profit/loss calculations. |
| Selling Price (SP) | Price at which the item is sold to a customer. | $\text{SP} = \text{CP} + \text{Profit}$ or $\text{SP} = \text{CP} - \text{Loss}$ |
| Profit | Gained when $\text{SP} > \text{CP}$. | $\text{Profit} = \text{SP} - \text{CP}$; $\text{Profit %} = \frac{\text{Profit}}{\text{CP}} \times 100%$ |
| Loss | Incurred when $\text{CP} > \text{SP}$. | $\text{Loss} = \text{CP} - \text{SP}$; $\text{Loss %} = \frac{\text{Loss}}{\text{CP}} \times 100%$ |
| Marked Price (MP) | Original tag price before any price reduction. | Price tag value. |
| Discount | Reduction granted on the marked price. | $\text{Discount} = \frac{\text{Discount %}}{100} \times \text{MP}$; $\text{Sale Price} = \text{MP} - \text{Discount}$ |
| Simple Interest (I) | Fee paid for borrowing or investing money over time. | $I = \frac{P \times R \times T}{100}$ |
| Total Amount (A) | Total accumulated value of principal plus interest. | $A = P + I$ |
Step-by-Step Worked Commercial Problems
Problem 1 (Profit Percentage): A merchant purchases a bicycle for $$150.00$ and sells it for $$195.00$. Calculate his percentage profit.
- Profit $= \text{SP} - \text{CP} = $195.00 - $150.00 = $45.00$.
- Profit $% = \frac{$45.00}{$150.00} \times 100% = 0.30 \times 100% = \mathbf{30%}$.
Problem 2 (Discount & Sale Price): A pair of shoes marked at $$120.00$ is offered at a $15%$ discount during a clearance sale. Calculate the discount amount and the final sale price.
- Discount Amount $= \frac{15}{100} \times $120.00 = 0.15 \times 120 = $18.00$.
- Sale Price $= \text{MP} - \text{Discount} = $120.00 - $18.00 = \mathbf{$102.00}$.
Problem 3 (Simple Interest & Total Amount): Calculate the simple interest and total accumulated amount when $$2,400.00$ is deposited into a savings account at a rate of $5%$ per annum for $3$ years.
- Identify variables: Principal $P = 2400$, Rate $R = 5$, Time $T = 3$.
- Simple Interest $I = \frac{P \times R \times T}{100} = \frac{2400 \times 5 \times 3}{100} = 24 \times 15 = \mathbf{$360.00}$.
- Total Accumulated Amount $A = P + I = $2,400.00 + $360.00 = \mathbf{$2,760.00}$.
Three friends share a prize of $450 in the ratio 2 : 3 : 4. How much is the largest share?
If 8 exercise books cost $28.00, what is the total cost of 14 exercise books at the same rate?
A bicycle bought for $150 is sold for $195. What is the percentage profit gained on the purchase price?
What is the total amount accumulated when $2,400 is invested at a simple interest rate of 5% per annum for 3 years?