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In the first part of this article, yesterday, we highlighted the importance of smart calculations as a way to hit the ground running, while preparing for GMAT Quant.
In the second part of this article, we will discuss a few methods which will help you develop a mindset of observing the numbers before adding them. We shall also discuss a couple of effective methods to subtract any two numbers very quickly. As mentioned in the first part of this article, the objective of these methods is not only to add a potent weapon to your arsenal to handle the calculations that come up on GMAT Quant questions but also to help you develop a habit of speeding up your calculations so that you can have more time to analyse the question.
So, let's get started!
Methods for Quick Addition:
Addition is probably the simplest of all the 4 basic mathematical operations. Yet, many of us make mistakes while adding values, especially when hard pressed for time. 47 + 18 can suddenly become 75; 87 + 87 can magically become 164
The reason for this, partially, is a bit of complacency because we feel “Hey, come on, I can’t go wrong in adding these values”. However, the bigger reason is the time pressure – the clock ticking at the back of our head (not the one ticking on the screen). A small part of it is just a design flaw by the almighty – somehow, we all have that one mistake we make when we calculate.
Whatever be the reasons, I’m sure all of us would like to cut down the mistakes we make in addition – come on, that’s something under our control.
So, let’s take a look at two methods that can help make addition faster and precise.
1) Method of place values 2) Method of unit digit
Method of place values
This is an easy method to learn and get better at. In this method, every number can be broken up into the respective thousands, hundreds, tens, units etc.,
A great way to remember this is to think of money. For example, if $642 is to be dispensed, one way is to have 6 hundreds, 4 tens and 2 ones. Now, if you need to add an amount of $735 to this, we first break down the number into 7 hundreds, 3 tens and 5 ones. All that is left is to add the respective hundreds, tens and ones values – this gives us 13 hundreds, 7 tens and 7 ones; therefore, 1377.
Let’s pick a sample set of numbers to add – say, 484, 529, 676 and 841.
484 = 400 + 80 + 4
529 = 500 + 20 + 9
676 = 600 + 70 + 6
841 = 800 + 40 + 1
Adding the hundreds, we have 2300; adding the tens, we have 210, adding the ones, we have 20 giving us a sum of 2530.
Now, that you have understood how simple and logical this technique is, try adding 1032, 1089, 1156, 1225 and 1296. Did you get 5798? Well done, you seem to have picked up the nuances of this method of quick addition.
(How many of you noticed that all the numbers which were added in the last calculation are perfect squares? )
Method of Units digit
This method requires you to have good observation skills. Like the previous method, this is also based on simple but sound logic.
In this method, the objective is to obtain a number that ends with ZERO – by pairing numbers whose digits are 9 and 1 / 8 and 2 / 4 and 6 and so on – so that we can then add these numbers ending with ZERO since doing that is much easier.
For example, if we have to add the numbers 61, 68, 73, 79, 82, 87 and 90,
we pair the 61 with 79 to obtain 140
we pair the 68 with 82 to obtain 150
we pair the 73 with 87 to obtain 160
Now, it’s easy to add these numbers together and then add it with 90. The sum of these numbers = 140 + 160 + 150 + 90 = 540.
Notice how we added 140 and 160 first, rather than adding them randomly; this is because we know that 14 and 16 give is 30 when added.
This method not only help you add faster, but, more importantly, it helps you build a smart mindset of observing numbers and understanding smaller details about them before performing any operation on them. And that’s why this method is doubly important to learn and perfect.
Let’s pick another sample set of numbers to add – 226, 101, 674, 399, and 770.
Pairing the 226 with 674, we obtain 900
Pairing the 101 with 399, we obtain 500
Adding the above to obtain 1400 and then adding 770 gives us a sum of 2170.
Try your hand at adding these numbers using the Units digit approach: 216, 512, 729, 1000, 331, 728 and 744
So, those were two simple but effective methods to add faster. A good idea to get better at these methods is to pick random 2-digit and 3-digit numbers (4-digit numbers also, if you want to, but the chances of that happening on the GMAT are remote) and apply both of these approaches to get to the answer. Slowly, but steadily, you will realise that a certain method works better for you and you can then stick to that method of adding numbers.
With this, it’s time to look at a few methods of quick subtractions.
Methods for Quick Subtraction
Subtraction, on the other hand, is not as intuitive to us as addition. Is it because of having to take the carry over? Probably. But one thing is for sure – given a choice between adding fast and subtracting fast, most of us would pick the former. One more fundamental difference between addition and subtraction is that, we subtract only two numbers at a time, unlike addition where we can add more than 2 numbers simultaneously, hence it's more time consuming.
Therefore, one of the methods to subtract faster employs addition as its primary operation. It also employs the Number line in order to do so.
The other method uses the distance of hundred, which is known as the Hundred’s complement, to help you subtract numbers where, carrying over is inevitable. Of course, this method requires extensive practice before which it can start giving you results.
Number line method
In the number line method, we flip the operation of subtraction on its head and actually use addition to find the distance between two numbers.
Let’s take an example to understand this method – say 787 is to be subtracted from 932.
Let’s plug 787 on the number line. The difference between 800 and 787 is 13; the difference between 932 and 800 is 132; therefore, the difference between 932 and 787 is 145, which is the addition of 13 and 132.
By converting a tricky process like subtraction to addition, we make the process more reliable.
Method of Hundreds complement
This method is extremely useful when the subtraction involves carrying over from the left to the right. For example, if 387 has to be subtracted from 561, we observe that 87 is bigger than 61 and therefore, we have to take a carry, which has scope for mistakes.
The hundreds complement method has the following steps:
1) Divide the given number into two parts – the part on the right to contain the last 2 digits of the given numbers and the part on the left containing the remaining digits of the given numbers.
For example, if 387 has to be subtracted from 561, then we write it as
Attachment:
Subtract - 1.JPG [ 9.26 KiB | Viewed 3438 times ]
2) Consider the last two digits of the number(part on the right) to be subtracted (the number below) and find its hundreds complement.
The hundreds complement of any number is its distance from 100.
In our example, we find the hundreds complement of 87, which is 13.
3) Add this hundreds complement to the last two digits of the number(part on the right) above, to obtain the last two digits of the result.
In our example, we add 13 to 61 to obtain 74 as the last two digits of our final result.
4) Subtract 1 from the number formed by the remaining digits of the number (part on the left) at the top (i.e. the number from which we are subtracting)
In our example, 5 is the remaining part of the number, so we subtract 1 from 5 to get 4, which is the result of this step.
5) From the result of the previous step, subtract the number formed by the remaining digits of the number (part on the left) at the bottom (i.e. the number which is being subtracted). The resultant number will form the remaining digits of the final result.
In our example, we subtract 3 from 4 to obtain 1.
Therefore, 561 – 387 = 174.
As you see, this method has many small steps and therefore requires lot more practice to become confident. However, once you perfect the art, this is a great tool to subtract big numbers quickly.
Let’s take another example. Say, we have to subtract 4598 from 6872.
So,
Attachment:
Subtract - 2.JPG [ 9.69 KiB | Viewed 3415 times ]
Hundreds complement of 98 is 2. Adding 2 to 72, we get 74. 74 represents the last 2 digits of the result.
Subtracting 1 from 68, we get 67. Subtracting 45 from 67, we have 22. 22 represents the remaining digits of the result.
Therefore, 6872 – 4598 = 2274
We hope that the second example has clarified any doubts that you may have had when you were reading through the different steps involved in this technique. If you are clear, go ahead, take a few examples of your own and try out this technique on them. If you are unclear, it's best to go through the examples once again, slowly and steadily, and we are sure you will understand the method then.
So, that’s it for the second part of this article, in which we covered a couple of methods each for quick addition and subtraction.
We hope that you had fun learning these new methods. As we mentioned, you will have to consistently practice these methods over the next few days before you start seeing consistent results from these. Therefore, here are a few questions for you to practice.
Find the sum of 117, 361, 478, 522, 639, 883 and 900.
Find the sum of 1248, 1402, 1592, 2627 and 3078.
Subtract 3979 from 7945
Subtract 9897 from 42363
Subtract 90866 from 113444
Of course, feel free to take your own values and practice more, because the more you use these methods, the better you get at them.
We would like to caution you against comparing the efficacy of these methods with the methods you have been using till now – remember, you are just taking baby steps in these methods, so comparing them to your old methods wouldn’t be an apples-to-apples comparison.
In the third part of this article tomorrow, we shall be discussing some methods for quick multiplication. Please watch out for the same. Goodbye!
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In the first and second parts of this article, we highlighted the importance of smart calculations and how they can help you become a better observer of numbers, as you prepare to ace the Quant section of the GMAT. We also discussed some smart methods for quick addition and subtraction.
In the third part of this article, we will discuss a few methods which will help you multiply faster; we will also discuss how to leverage the Distributive law to speed up calculations. By the end of today’s part, you would have picked up some very valuable techniques that can fast track your calculations on GMAT quant questions, considering that many questions in the Quant section require you to perform multiplication.
So, let’s get started!
Multiplication is a process of repeated addition. Multiplying 3 with 4 is equivalent to adding 3 four times / adding 4 three times. However, difficulties increase as the numbers become bigger.
Conventional multiplication involves multiplying each digit of one number with each digit of the other number in a step-by-step process and then adding up the columns to get the final product. This is time-consuming and prone to a lot of errors.
Therefore, let’s look at a few methods to multiply quickly without compromising on accuracy. Using the distributive law
As with many aspects in life, sometimes, the simple things are easily forgotten but it’s the simple things that actually make life easier. Something similar can be thought of when it comes to making calculations fun and fast – the good old Distributive law.
Two versions of the distributive law can actually make your multiplication process faster. In fact, the GMAT expects you to apply such techniques from high-school Math than to just perform multiplication by brute-force.
As per the distributive law, a(b+c) = ab + ac; also, a(b-c) = ab – ac.
These two versions are immensely useful for speeding up calculations, especially if you have built up the mindset to observe numbers, as we had mentioned in the first two parts.
42 (17) = 42(10 + 5 + 2) = 420 + 210 + 84 = 714 (note how it’s easy to find 42 * 5 if you know 42 * 10. GMAT expects you to do such smart calculations)
It can also be done by distributing the 42 while keeping the 17 constant.
17(42) = 17(40 + 2) = 680 + 34 = 714.
Therefore, flexibility is the biggest advantage of using the Distributive law. Based on your knowledge of multiplication tables, you can choose to break up the numbers that can help you multiply easily and quickly, rather than having to be one-dimensional.
And that’s the reason why we have put this method ahead of a couple of other speed math methods, in this article. If you know how to leverage the distributive law, you can make better use of the other two methods that we are going to describe now. These are:
1) Single line method 2) Base method
Each of these methods have their own advantages as well as limitations. While the single line method is broader in its application, the base method is more specific in where it can be applied. As such, the single line method requires consistent practice for a higher duration of time.
So, let’s look at both of these methods, one by one.
Single line method: The single line method is so called because the final product is obtained in a single line, however big/small the multiplicands (the numbers being multiplied are known as multiplicands) are, unlike the conventional methods where we have rows and rows of numbers as the digits in the multiplicands increase.
Let's take an example where we try to multiply, say 43 with 37.
Step 1: Multiply the respective unit digits, 3 and 7 to get 21. We put the 1 as the unit digit of the result and take 2 as the carryover
Attachment:
SLM Step 1 Ex 1.JPG [ 11.34 KiB | Viewed 3092 times ]
Step 2: Cross multiply the units digit and the tens digit of each number and add the result.Do not forget to add the 2 that was carried over from the previous step. The unit digit of the result is taken and the rest is carried over.
Therefore, the result of this step = 7*4 + 3* 3 + 2 = 39
Attachment:
SLM Step 2 Ex 1.JPG [ 12.88 KiB | Viewed 3103 times ]
Step 3: Lastly, multiply the respective tens digits and add the number carried over from the previous step. The result will represent the remaining digits of the product. In this case, multiply 4 with 3 to obtain 12 and add the carryover of 3 to get 15.
Attachment:
SLM Step 3 Ex 1.JPG [ 10.17 KiB | Viewed 3086 times ]
Now, you can go ahead and cross-verify if your answer is right 😊.
Let’s take another example to consolidate our learnings. Let’s try to multiply 57 with 29.
Attachment:
SLM Ex 2.JPG [ 26.94 KiB | Viewed 3074 times ]
Now that you have understood this method well, go ahead and take a few random two-digit numbers and practice this method till you get comfortable with it.
Base Method As mentioned earlier, the base method can only be applied with specific numbers. However, it is a very powerful method in cases where it can be applied. It’s very simple to understand, practice and actually apply when needed.
The base method is applied when two numbers are very close to a reference number, which can typically be numbers like 10, 50, 100 and so on.
Let’s take an example to understand how it works. Let's try to multiply 15 with 16 (these are easy numbers to multiply even with the conventional method so that you may cross verify your answer)
Since 15 and 16 are both close to the number 10, the base for this calculation is 10.
Step 1: 15 – 10 = 5 and 16 – 10 = 6. . We arrange the numbers as shown below:
Attachment:
BM Step 1 Ex 1.JPG [ 8.95 KiB | Viewed 3109 times ]
The 5 and 6 here are the respective distances of 15 and 16 from the base, 10.
Step 2: We add the numbers in the direction of the arrows to get 21 in both cases. This is followed by multiplying this resultant number with the base Since the base is 10, we multiply 21 with 10 to obtain 210 which is the result of this step
Attachment:
BM Step 2 Ex 1.JPG [ 11.81 KiB | Viewed 3074 times ]
Step 3: We multiply the numbers in the direction of the arrow and add it to the result of the previous step. The final sum represents the product of the given numbers.
Attachment:
BM Step 3 Ex 1.JPG [ 12.93 KiB | Viewed 3077 times ]
Let’s take another example, which represents a variation. If we have to multiply 23 * 18. We see that both numbers are close to the number 20; therefore, the base for this calculation is 20.
Let’s arrange the numbers as we did in the previous case:
Attachment:
BM Step 1 Ex 2.JPG [ 8.98 KiB | Viewed 3070 times ]
The 3 and -2 here are the respective distances of 23 and 18 from the base, 20. (Note that the distance of 18 from 20 is -2 since 18 is smaller. This is a convention followed in this method)
We add the numbers in the direction of the arrows to get 21 in both cases. Note that adding -2 to 23 gives 21. Since the base is 20, we multiply 21 with 20 to obtain 420 which is the result of this step
Attachment:
BM Step 2 Ex 2.JPG [ 12.59 KiB | Viewed 3079 times ]
We multiply the numbers in the direction of the arrow and add it to the result of the previous step
Attachment:
BM Step 3 Ex 2.JPG [ 12.65 KiB | Viewed 3048 times ]
This is the advantage of this method that it only involves a small modification in Step 2 to accommodate for the base being a number other than 10.
The disadvantage of this method, of course, is that it can only be employed when both the numbers being multiplied are close to one common number. If this is not happening, then you will have to fall back on the Single line method.
We hope that this method is clear to you now. As always, go ahead and take some examples of your own and try to get comfortable with this method to the extent that you will start using it in your calculations.
With this, we conclude the third part of this article on smart calculations. In the fourth part of this article, tomorrow, we will be discussing methods to calculate squares and cubes of two-digit numbers.
In the first three parts of this article we highlighted the importance of smart calculations and also discussed some smart methods for quick addition, subtraction and multiplication.
In case you have not had a look at it yet, click on the following links to check them out:
In the fourth part of this article, we shall discuss methods to quickly compute the squares and cubes of two-digit numbers. Although GMAT does not expect you to compute, say the square of 97, learning these methods will help you deal with the squares and cubes of smaller numbers with great ease. More importantly, they will continue to have an impact on your observation and inference skills and ultimately on your confidence, as we have been mentioning throughout this article. On this note, let us take a look at some simple but effective methods to compute squares of two-digit numbers.
Squaring numbers ending with Zero
We shall start with the easiest of the two-digit numbers – numbers like 10, 20 etc., those ending with zero. Squaring a number ending with zero is a very simple process, as most of you realize.
If x0 is a two digit number, where x is the tens digit, the last two digits of the square of x0 will be zeroes; the remaining digits can be obtained by squaring x. That is, \((x0)^2\) = (\(x^2\))00 Note that the brackets on the RHS do not mean that we are multiplying \(x^2\) with 00.
For example, \((40)^2\) = 1600; here, the last two digits are zeroes and the 16 is the square of 4, which is the tens digit of 40. Similarly, \((50)^2\) = 2500. Note that this method can be applied on three digit numbers as well. For example, \((130)^2\) = 16900, the 169 being the square of 13.
Squaring numbers ending with 5 This method is not too difficult to understand either. This method is used to compute the squares of numbers ending with 5, numbers like 15, 25, 35 etc. If (x5) is a number ending with 5, such that x represents the remaining digits of the numbers, \((x5)^2\) = x(x+1)25.
Again, note that the brackets on the RHS do not mean that we are multiplying \(x(x+1)\) with 25. On the contrary, it means that the last two digits of the square of a number ending with 5 will always be 25 (this is something we have discussed in detail in our article on Perfect squares and cubes, which you can access using this link Perfect Squares & Cubes ); the remaining digits of the square will be represented by x(x+1).
Let’s take some examples: \((15)^2\) = 1(1+1) | 25 = 2 | 25 = 225 \((25)^2\) = 2(2+1) | 25 = 6 | 25 = 625 \((35)^2\) = 3(3+1) | 25 = 12 | 25 = 1225 Now, go ahead and find out the squares of numbers from 45 to 95, you will be able to do it in a matter of a couple of minutes.
Note that this method can also be extended to three-digit numbers, without having to make any change. For example, \((125)^2\) = 12(12+1) | 25 = 156 | 25 = 15625
Squaring numbers ending with digits other than 5 and 0 For numbers ending with digits other than 5 and 0, we try to leverage our ability to calculate the squares of numbers ending with 5 /0. Let’s take an example to understand. If we have to compute \(36^2\), it can be done very easily if we know \(35^2\); of course, we have already seen how to compute this. So, \((36)^2\) = \((35)^2\) + 35 + 36 = 1225 + 71 = 1296.
We can follow a similar approach for numbers ending with digits closer to 0. For example, \((41)^2\) = \((40)^2\) + 40 + 41 = 1600 + 81 = 1681.
If we need to calculate the square of, say 39, we flip this process around and subtract instead of adding. So, \(39^2\) = \(40^2\) - 40 - 39 = 1600 - 79 = 1521.
Of course, as we mentioned at the start of this article, the possibility that GMAT will expect you to compute the square of a number greater than 40 is remote. Hence, you will have to learn to apply these methods on smaller numbers, which can be done fairly easily.
Computing Perfect cubes of two-digit numbers We would like to start off by saying that this method is an add-on for you, along with the methods that have been described in the various parts of this article. GMAT will never expect you to compute the cubes of numbers bigger than, say 20. As such, if you wish to skip this technique, you can do so. However, if you don’t mind having an additional weapon in your arsenal, read on (who knows, this might just come in handy in a question on Compound Interest)
The method to calculate the cube of a two-digit number involves multiple steps, hence please pay attention to the description of each step and perform them meticulously during your attempts. Let’s say the two digit number is (ab). 1. Step 1, which is probably the most important step in this method is to cube the tens digit of the given number i.e. to compute \(a^3\). 2. Once this is done, we will write down 4 numbers in a straight line such that any 2 numbers bear the ratio of a:b 3. In the next step, we double the numbers in the middle of the top row and write them below these numbers. 4. Finally, we add the numbers, one column at a time.
Example 1: Compute \(14^3\) Cubing the tens digit of 14, we have \(1^3\) = 1. Now, starting with this 1, we write down four number such that any 2 numbers bear the ratio of 1:4, which is the ratio of the digits of the number 14. After this, we double the two numbers in the middle and finally add the numbers, one column at a time, to obtain the cube of 14 as 2744
Attachment:
Cubing Ex 1.JPG [ 34.69 KiB | Viewed 3060 times ]
Example 2: Compute \(23^3\) Cubing the tens digit of 22, we have \(2^3\) = 8. Now, starting with this 8, we write down four number such that any 2 numbers bear the ratio of 2:3, which is the ratio of the digits of the number 23. After this, we double the two numbers in the middle and finally add the numbers, one column at a time, to obtain the cube of 23 as 12167.
Attachment:
Cubing Ex 2.JPG [ 32.46 KiB | Viewed 3042 times ]
This brings us to the end of the fourth part of this article on smart calculations. In the fifth and final part tomorrow, we will look at how fractions can be leveraged to quickly solve percentage related questions. We hope that you have been practicing some of these methods from this article, over the last few days. Keep at it and in a few more days, you will be a natural at these methods and hence, you will start implementing them when practicing GMAT quant questions.
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.
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 [ 58.04 KiB | Viewed 3031 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 [ 55 KiB | Viewed 3035 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.
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