Percentage
Elisabeth
Registered Posts: 2
Hello,
I am studying at the moment Financial Performance (AAT Level 4) and I came across a question that I had to calculate a percentage and use this one in my calculation.
However the percentage was 66.67%.
When I finished the question, I looked at the answers and the fraction of 2/3 was used instead of the percentage.
Could you please confirm what should be used during the exam when the percentage is not a round figure?
Thank you
I am studying at the moment Financial Performance (AAT Level 4) and I came across a question that I had to calculate a percentage and use this one in my calculation.
However the percentage was 66.67%.
When I finished the question, I looked at the answers and the fraction of 2/3 was used instead of the percentage.
Could you please confirm what should be used during the exam when the percentage is not a round figure?
Thank you
0
Answers

May i ask what calculation it was and where/which provider you came across with that question/answer?
Calculation in Performance are normally in % or ratio (e.g. 2:1) or just final figure of 0.5.0 
Hello, sorry I got it wrong it's Financial Statement. BPP Question bank  1 September 2015 ( 2013 syllabus)
Chapter 5  The consolidated statement of financial position  Task 5.5. when we need to calculate the percentage of the purchase of ordinary share capital of the subsidiary for the parent company.
When doing the calculation (8000000/12000000)*100=66.67%
But in the answer, they use 2/3.
What should I use during the exam if nothing is specify?
Thank you0 
Hi Elizabeth,
Both will be correct but the question asks for a %. In the real AAT exam you will need to enter a number rather than a fraction. It will also ask how many decimal places you need to answer the question by. For example, 2 decimal place will be: 16.6666...% = 16.67%; 33.3333...% = 33.33% etc. The exam will instruct you otherwise.
Inputting numbers into the calculator:
When it comes to calculations use the fraction instead of the number (when you input the number in the calculator) for example: 66.66% of £30 (0.666666... x £30) = £19.999998, this will not give you the whole number whereas if you use a fraction it will give you a whole number for example: (2/3) x £30 = £20 (on the calculator).
Hope this helps1
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