2.10 Table of equivalencies
The next activity in developing your numerical skills required for accounting is to give you practice in converting between percentages, decimals and fractions. It is a very useful numerical skill to be able to know or to work out quickly the equivalent between a number given in percentage form and in other forms.
Activity 9 Use of equivalencies
Fill in the correct answers for the gaps in table below. The first one is done for you. Answers required in decimals should be rounded off to two decimal points. Answers required in fractions should be written in the lowest possible terms.
Table 3 Completion of missing equivalencies
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Answer
| Percentage | Decimal | Fraction |
|---|---|---|
| 1% | 0.01 | 1/100 |
| 2% | 0.02 | 1/50 |
| 5% | 0.05 | 1/20 |
| 10% | 0.1 | 1/10 |
| 20% | 0.2 | 1/5 |
| 25% | 0.25 | 1/4 |
| 33 ⅓ % | 0.33 | 1/3 |
| 50% | 0.5 | 1/2 |
| 66 2/3 % | 0.67 | 2/3 |
| 75% | 0.75 | 3/4 |
| 100% | 1.0 | 1/1 |
| 200% | 2.0 | 2/1 |