# 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

79Calculation in Performance are normally in % or ratio (e.g. 2:1) or just final figure of 0.5.

2Chapter 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 you

65Both 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 helps