![]() ![]() They also baked 450 cupcakes, and 74% of the amount made was sold.Ĭonvert all percentages to decimals. Last week, the bakery produced 800 cookies, and 85% of them were sold. A bakery manager wants the average percentage of items sold between two different kinds of baked goods in a week cupcakes and cookies. ![]() Let’s look at an example to put these steps into action. ((Percentage1+Percentage2)/(sample set1+sample set2)) X 100 = Average Percentage Once you understand the breakdown of each step, though, it becomes much easier. To begin the process of averaging two percentages, you need to review the formula.Īt first glance, the average percentage formula is intimidating. Steps for Finding the Average of Percentages Scientific research across many subjects uses averages to understand the data that they’ve collected through research. The use of averages and their equations is an example of this. The science and mathematics disciplines often go hand in hand. The value of their GPA is the average scores they’ve received out of the total possible points they could’ve gotten, with a 4.0 being the highest. A student’s grade point average, or GPA, is an ideal example of an average. This value describes the mean number for how many times the player is successful in their attempt to shoot a basket.Ī student’s grade point average. For basketball, this might be a shooter’s average number of baskets made. Think about the players on your favorite teams and what their sports statistics look like. Professional sports are one of the world’s favorite pastimes. Below are a few examples:Īthlete’s statistics. Similar to percentages, there are surprisingly a lot of real-world uses for averages. However, understanding the mathematical conversions behind these percentages is important to know how much interest debt is owed or payable to you exactly. Many people come across percentage values of interest rates when applying for credit or are considering a savings account that accrues interest over time. Interest on credit cards and savings accounts is a factor that has an enormous impact on an adult’s financial health. This leaves the customer to figure out what the actual discount is from the percentage value. It’s common to see retailers list their sales in the form of percentages, as opposed to expressing how much money you’ll actually need to pay for the item. Everybody enjoys a special markdown on a popular item. Knowing how to convert a percentage from a whole number is how you arrive at the correct amount of tip to leave. Tipping is customary in the United States, and failing to provide an appropriate tip leaves servers feeling agitated. This is probably the most popular example of when people use percentages in their daily life. Knowing how to solve for percentages in these roles ensures you’ll receive the correct amount for each sale made. The commission value is an agreed-upon percentage of the total sale, which is the amount the salesperson receives. Many people earn a commission from the sales they make at their job as a part of their benefits. To prove those middle-schoolers wrong, below are some examples of real-world uses for percentages and formulas involving them:Įarning commission at your job. We’re all familiar with the groan of a middle school classroom who insists that they’ll never need the math equations they learned – muffling out the sound of their teacher insisting that it’s going to be handy for them to know someday. How To Calculate Gross Profit Percentage.Difference Between Generalist Vs Specialist.What Is The Difference Between A Job Vs.What Is Gender Bias In A Job Description?.
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