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
- 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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Categories: Economics · Percentages,Economic Concepts,Math in Economics