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Introduction to bookkeeping and accounting
Introduction to bookkeeping and accounting

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1.9 Table of equivalencies

The next activity in developing your numerical skills required for bookkeeping and 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 11

Use the box below to record your answers for the gaps in the table. 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
Percentage Decimal Fraction
1% 0.01 1/100
2%
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0.05
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1/10
20%
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0.25
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33 1/3%
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0.5
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2/3
75%
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1.0
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2/1
Words: 0
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Answer

Table 4
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 1/3% 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