Three common percentage questions
- What is X% of Y? Useful for discounts, tips and tax. Example: 15% of 240 is 36.
- X is what percent of Y? Useful for budgets. Example: if rent is $1,400 of a $4,200 take-home pay, rent is 33.3% of income.
- Percent change from X to Y. Useful for price changes. Example: a bill that rises from $80 to $92 went up 15%.
A common mistake
A 50% increase followed by a 50% decrease does not bring you back to where you started. $100 up 50% is $150; $150 down 50% is $75. The same logic explains why stacked store discounts are smaller than they look. Try the discount calculator to see it in action.
