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In the first four parts of this article on the importance of smart calculations, we covered techniques for smart addition, subtraction and multiplication; we also covered some simple but effective techniques to compute the squares and cubes of two-digit numbers. We hope that you have taken a few mins from your preparation schedule to practice these methods and gain some confidence in them.

However, if you are reading this article for the first time, you may want to go through the other parts of this article. Here are the links for the same:
Smart calculations - Part 1
Smart calculations - Part 2
Smart calculations - Part 3
Smart calculations - Part 4

In this fifth and final part of this article, we shall discuss the importance of using fractions to not only simplify but also speed up calculations related to percentages. We shall also discuss how to leverage some common percentage values to approximate/estimate better. These techniques will definitely have a positive impact when it comes to solving questions from a wide range of topics starting from Ratios and Percents to Probability.

So, let’s get started.

Review of Percentage Basics
The word ‘percent’ literally means ‘for every hundred’, when broken down. The word ‘per’ means ‘for every’, like how it is used in ‘My car can give 60 miles PER gallon’ or ‘I can do 30 units of work PER day’. The word cent means ‘hundred’. Combining both, we have 'for every hundred'

Therefore, the usage of the term ‘percent’ is equivalent to comparing a given value with 100. For example, 20 percent means 20 for every hundred; 70 percent means 70 for every hundred; x percent means x for every hundred.

Mathematically, these values are written as 20/100, 70/100 and x/100 respectively.
We see that each of these represents a fraction. Therefore, the simplest way of understanding and defining a percentage is,

“Percentage is a fraction in which the denominator is always hundred”

In other words, the whole (which is represented by the denominator of a fraction) is always hundred. If the numerator is smaller than the denominator, we have a quantity lesser than the whole and if it is otherwise, we have a quantity greater than the whole.

So, how does this affect our learning of percentages? Knowing that percentage is a fraction gives us a chance to take advantage of our knowledge of fractions and apply them while solving percentage problems.

How do we do this? Well, for starters, let’s convert some common percentage values to fractions and check what happens:

Attachment:
Perc Frac table.JPG
Perc Frac table.JPG [ 58.04 KiB | Viewed 2747 times ]

Note: To convert a given percentage value to a fraction, we divide the value by 100. For example, to convert 20% to a fraction, divide 20 by 100 and simplify to get 1/5.

If you have solved enough questions on percentages from the GMAT OG and Quant Review books, you will see that a lot of percentage values that you saw in those questions have shown up in the table above. So, how does this table help you speed up your calculations?

Let’s assume that in a certain question, you had to compute the value of the following expression:

30% of 840 + 75% of 1680

The usual approach would be to write, (\(\frac{35}{100}\)) * 840 + (\(\frac{75}{100}\)) * 1680 and then start simplifying by taking common factors. Of course, you must have already guessed that this is time consuming and prone to errors if you don’t have time on hand.

On the other hand, if we knew from the table that 30% is 3/10 and 75% is ¾, we could skip a few basic steps and directly write the expression as \(\frac{3}{10}\) * 840 + ¾ * 1680, which gives us a better chance of getting the calculations right since we are dividing / multiplying with smaller numbers.

That, is the biggest advantage of remembering the fractional counterparts of commonly seen percentage values on GMAT Quant questions – it reduces the chances of calculation errors. Of course, it does it in less than half the time that the conventional method takes.

We could also do the opposite of the above exercise by taking some simple fractions and converting them to percentages. Let’s create a table similar to the one above

Attachment:
Frac Perc table.JPG
Frac Perc table.JPG [ 55 KiB | Viewed 2748 times ]

Note: To convert a fraction to a percentage, we mutliply the fraction with 100. For example, to convert 1/2 to a percentage, we multiply 1/2 with 100 to obtain 50%.

When we analyse the two tables that we created, we see that there are some common values between the two. But, more importantly, we see that the second table is more comprehensive in terms of the percentage values it can give us. We take advantage of this fact by using the fractions instead of the percentages to calculate.

We also observe that the table can help us get other percentage values, which are not seen in the table, but are definitely seen quite often in questions.

For example, 37.5% can be written as \(\frac{3}{8}\) since 37.5% is thrice of 12.5% which is \(\frac{1}{8}\) from the table. Similarly, 44.44% can be written as \(\frac{4}{9} \)since 44.44% is four times of 11.11% which is \(\frac{1}{9}\) from the table.

This can help us account for a lot of commonly occurring percentage values. Not only this, the table can help us take care of percentage values greater than 100.

For example, if the profit percentage is 25% we can say that the SP is 125% of the CP. From the table, 125% is \(\frac{5}{4}\) since 125% is 5 times of 25% which is ¼ in the table. Similarly, if the MP is 40% more than the CP, we can say that the Markup is 140% of the CP or MP = \(\frac{7}{5}\) CP, since 140% is 7 times of 20% which is \(\frac{1}{5}\) in the table.

This way, we see that the method of substituting fractions for percentages substantially reduces calculation time and increases accuracy. All that is needed is for you to consciously make an effort to practice this way of solving Percentages questions. As with all the other methods, you may experience some inertia at the start, but you will appreciate this method the most as you see it giving consistent results.

Therefore, here are a few sample questions for you to practice this method:

    Calculate 34.28% of 7070
    Calculate 83.33% of 6996
    Calculate 42.85% of 1001
    Calculate 72.72% of 9009 + 77.77% of 7290 – 87.5% of 8640



Calculating 10% and 1%
Yet another smart technique that can help you in percentages questions, especially the ones where you have to approximate/estimate, is the method of calculating 10% and 1% of a certain number.

Both of these are fairly simple to learn and apply.

To calculate 10% of a given number, let’s consider two cases:
If the number ends with a series of zeroes, calculating 10% of this number is to remove one trailing zero of all the zeroes.
For example, 10% of 364000 = 36400

If the number ends with any other digit, calculating 10% of this number is to move the decimal one place to the left.
For example, 10% of 42871 = 4287.1

Note that 42871 can be written as 42871.0, therefore, in calculating ten percent we moved the decimal one place to the left to get 4287.1

Calculating 10% will then make it easy for you to compute 5% and all percentage values which are multiples of 10%, like 20%, 30%, 40% and so on.


To calculate 100% of a given number, we consider two cases again:
If the number ends with a series of zeroes, calculating 1% of this number is to remove two trailing zeroes.
For example, 1% of 364000 = 3640

If the number ends with any other digit, calculating 1% of this number is to move the decimal two places to the left.
For example, 1% of 42871 = 428.71

Calculating 1% of a number will make it easy to calculate values like 2%, 3% and so on; it will also help you to find out values of 0.5% and hence 1.5%, 2.5% and so on.

So, this is quite a useful method since there can be questions from topics like Percentages, fractions & decimals, Data interpretation etc., where you may be required to find the value of strange percentage values like, say 23.2% or say 39.8%. In these kinds of questions, this method of finding 10% and 1% of the given number can be very helpful.

So, that’s all we had folks, on the idea of making percentage calculations simpler and faster.

Throughout this entire article, we have demonstrated calculation techniques which we feel can help you become a smart test taker. Our objective was however not to point out that calculations alone can help you score well on the Quant section. It is one aspect that you can improve, something that’s under your control and something that can definitely have a positive impact on your performance if you do take control of it. So, the motive of this article was to help you think in this direction. And we hope we have done a fairly decent job at it.

On an ending note, we would like to urge you to keep practicing some of these techniques whenever you can find 10 – 15 minutes of free time. In fact, this can become a much-needed break after you have done a 2-hour intensive session on Quant/Verbal. This way, you will still stay in touch with the topic, but since these topics are also fun to do, you’ll get that breather that you deserve.

Having said that, these techniques can work efficiently for you only when you tick some boxes with respect to basic groundwork. Some of these include:

    Remembering multiplication tables till 15 ( at least)
    Remembering perfect squares till \(30^2\) & perfect cubes till \(15^3\)
    Powers of first few primes viz.,\( 2^1 to 2^{10}, 3^1 to 3^6, 5^1 to 5^4, 7^1 to 7^4, 11^1 to 11^3\) etc.,
    Positive and negative powers of 10


So, here’s wishing you good luck on practicing and perfecting some of these techniques. We will see you again in another article from our Quant Fundamental series.

Goodbye!
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