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Percentages
blitzben85
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Can anyone tell me how to work out percentages please as im getting stuck.
This is for a works lotto syndicate and there are 12 members, im fine with 10 members, a simple 10% each but now two more have joined and im stumped. Is there a simple way to work them out via a calculator which someone is willing to share ?
Thanks.
This is for a works lotto syndicate and there are 12 members, im fine with 10 members, a simple 10% each but now two more have joined and im stumped. Is there a simple way to work them out via a calculator which someone is willing to share ?
Thanks.
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Divide the cost (or the winnings) by 12 to determine your share.
On the other hand, you might decide that each person will contribute the same amount as before and with the extra money from the two new members you'll buy a few more tickets.
Any winnings should now be divided by twelve instead of by ten.
Sorry if I'm missing something but I don't think percentages are involved here really, except I suppose you could say that all sums of money per member should now 8.3333% of the total (100/12, as the previous poster said).
i took the question as the OP wanting to know how to work out a percentage so that's what I did.:)
What do you need to be turned into a percentage?
If you need one out of twelve as a percentage it is 8.33%
Simply put 1/12 and multiply by 100.
Don't they teach this in Primary school?
If you want to work out how much of the winnings each person gets, it is the total multiplied by 0.0833.
eg. If the prize was £1,000,000 then each person gets 1,000,000 x 0.0833 = £83,300
Alternatively you could just divide £1,000,000 by 12 to get the same answer.
Seriously though, this is primary school maths.
1/12 x 100
Bob's your uncle.
Erm, no, you didn't actually work out a percentage of anything.
No, I told them how to, on a calculator , as requested.
No, you didn't. Percentages always require a multiplication as well as a division.
But there's no figure to multiply with as yet? I told them how to work out what percentage of any stake or winning each of the twelve would be accountable for.
Actually 100/12 is the same as 1/12 x 100 so he's correct. If you remember how to multiply fractions, a twelfth times 100 is 100/12
Never mind. Too late in the evening to explain. :yawn:
Night night.
Looking forward to it.
Sleep well.
I thought perhaps it was a syndicate of teachers at a primary school...
Easy to work out just by multiplying for example 60% of 90 is 6x9 = 54, 6% of 90 is 0.6x9 = 5.4. Its harder with odd numbers but the same applies.
What you say is technically correct, although i'd be concerned that someone who struggled with percentages might not understand why 60% of 90 is 6 x 9 and just get more confused.
Percentages are not difficult when you understand that a percent is just a hundredth of something.
To use your examples and expand them a bit for clarity:
60% of 90 = 60/100 x 90 = 0.6 x 90 = 6 x 9 = 54
6% of 90 = 6/100 x 90 = 0.06 x 90 = 0.6 x 9 = 5.4
It isn't any harder with "odd" numbers (so long as you have a calculator)
e.g. 19.38 % of 87.4 = 19.38/100 x 87.4 = 0.1938 x 87.4
Yes. Unfortunately his question was misleading, in fact he asked two questions in one, mistakenly believing they were one and the same thing. He asked how do you wrok out percentages, then how do you share something across 12 people. Your answer told him what 12 is as a percentage of 100. It didn't solve his real problem , which was how to share something across 12 people.
I thought they might want the actual % for something. God know what but that's how it came across to me.
Surely everyone knows how to divide something by twelve on a calculator?
I just want to know what % all 12 of us would get if we won a sum of money. We are all putting in the same amount of money p/w so it's equal. e.g, If there was 10 people in this syndicate it would be 10% each. I need to know about 12 people.