Related: Learn About Being a Retail Store Manager How to calculate percentages For example, if your weekly pay is $800 and state and federal taxes are 6%, your take-home pay would be $752. Depending on the city and state where you live, you could have a certain percentage of your wages automatically taken out of every paycheck. If you buy $50 in groceries and the sales tax is 3%, your total would be $51.50. Whenever you purchase a product, there a sales tax is applied. Taxes are a common part of everyday life. This can be useful for accountants and analysts when they calculate financial statements. The computers depreciated by 50% in three years. In three years, the value of the computers drops to $5,000. For example:Ī company buys 10 new computers for $10,000. Real estate typically appreciates over time while equipment, vehicles and other goods depreciate. This change in value is measured in percentages. The value of some items can either appreciate or depreciate over a period of time. They can try to sell more vehicles of varying prices to earn an average commission, or they can try to sell a few expensive cars to earn a higher commission. For example, a car salesman earns 10% on every vehicle they sell. ![]() This is a term commonly used by salespeople who earn a commission percentage on every sale they make. CommissionĪ commission is a form of payment used in exchange for selling a product or service. If a small business owner purchases a car and uses it for company-related travel five days a week and personal travel two days a week, they can deduct about 71% of the cost of the vehicle. Businesses can determine how much of a purchase they can deduct for tax breaks. Deductionsĭeductions are common when considering income and wages. For example, if the original investment was $50,000 and the 10-year return was $10,000, then the percentage would be 20%. Financial analysts can also show how much return an investment made as a percentage of the initial contribution. The stocks section can also contain percentages of investments in each stock. For example:Ī portfolio could have 20% in bonds, 70% in stocks and 10% in a cash market. Many investment portfolios separate the amount of money in stocks, bonds and other offerings by a percentage of the whole number. Many aspects of investments use percentages. Shoppers can now purchase the jeans for only $50. In an effort to liquidate them, the store offers the jeans at 50% off the original price. ![]() For example:Ī clothing outlet is selling its last stock of $100 designer jeans. Shops, restaurants and other vendors often offer discount percentages on items and services. The following examples explain some of the most common uses of percentages: DiscountsĪ discount is a reduction in cost. They can quantify amounts, determine value or how much an amount increased or decreased. Percentages can be used in almost every situation in everyday life. ![]() Related: Learn About Being an Actuary Common uses of percentages ![]() In this article, we’ll discuss what a percentage is, how to calculate the percentage of a number and then we provide a series of examples. Calculating percentages is often necessary in order to understand complex information. Percentage calculations help us to determine things like discounts and battery life and other aspects of our daily life, from household budgets to tips.
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