Imagine you have a bag of 10 candies. If I give you 2 more, that’s like getting 20% more candy! Percentages help us understand how much something has changed in relation to the whole, just like counting how many extra candies you got out of all your candies.
Examples
- If you had 4 cookies and ate 1, that’s 25% gone!
- A toy that costs $10 now goes up to $12, that’s a 20% increase.
- Your savings went from $100 to $150, that’s a 50% gain.
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See also
- Why Do We Have Different Kinds of Taxes?
- Why Do Prices Change So Much?
- Why Do We Use Money Instead of Bartering?
- Why Do Prices Go Up So Much When There's a Shortage?
- Why Do We Have Different Kinds of Coins?
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Categories: Economics · Percentages,Economic Concepts,Math in Economics