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Mental Math - Calculating Percents (Fraction to Decimal)

Hello, 

I was hoping to get some tips or resources on how to convert fractions into decimals to calculate percents. 

For example: 

21/87 = 24% or larger numbers 113 / 455 = 25%.

I tend to have to set up long division but feel as though it takes a lot of time. 

Additionally, any tips or resources on solving division problems would be appreciated. 

Thank you!

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Profilbild von Cristian
am 14. Okt. 2023
ex-McKinsey | Holistic approach | >400 clients coached

Hi there!

The two main techniques are either 

Rouding: 21/87 = 20/45 = 4/9 = ~4

OR 

Simplification: 21/87 (they can all be simplied by 3) = 7/29 = ~4

Even so, long division is your friend. If you get comfortable with it you can be quite fast. 

Also, last but not least, speed does't matter as much as clarity of communication and depth of interpretation (of the result). So don't worry so much about how fast your are. It's not a speed contest. It's a conversation.

Best,
Cristian

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Profilbild von Hagen
Hagen
Coach
bearbeitet am 14. Okt. 2023
Globally top-ranked MBB coach | >95% success rate | 9+ years consulting, interviewing and coaching experience

Hi there,

I would be happy to share my thoughts on your question:

  • First of all, using common factors to simplify numbers may help a lot. For instance, if you see numbers like 21 and 87, knowing they are both divisible by 3 can reduce it to 7/29, making it easier to handle.
  • Moreover, approximations are your best friend in these situations. If you round numbers to the nearest 5 or 10, it becomes much easier. Like 113 can be approximated to 110, and 455 can be rounded to 450, making the calculation 110/450 which is roughly 1/4 or 25%.
  • Lastly, it is absolutely fine to take your time to run complex multiplications and divisions manually.

If you would like a more detailed discussion on how to best prepare for your upcoming interviews, please don't hesitate to contact me directly.

Best,

Hagen

Profilbild von Ian
Ian
Coach
am 15. Okt. 2023
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

Personally, I love rocketblocks and math-drills for this.

For your examples there are two main aspects (and it depends):

  1. Learn long division. You're going to need ot
  2. Implement rounding and shortcuts (like my doubling-halving technique or my splitting technique)
Profilbild von Francesco
am 16. Okt. 2023
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success: ➡ interviewoffers.com | Ex BCG | 10Y+ Coaching

Hi there,

Q: I was hoping to get some tips or resources on how to convert fractions into decimals to calculate percents. 

I would start by asking if you can approximate. Taking as an example 21/87:

  1. If you can :
    1. Simplify as 20/90= 2/9 = 22%
    2. Since the denominator is lower and the numerator higher, explain the real final number should be a bit higher
  2. If you cannot, you will have to do the actual division:
    1. Recognize that 21/87= 0.2 with a remainder
    2. Remainder: 21-17.4=3.6 (17.4 comes from 87*0.2, or 8.7*2)
    3. Recognize that 36/87= 4 with a remainder
    4. Result is 0.24 with a remainder
    5. Most of the time this will be enough, if not, you can continue

Best,

Francesco

Profilbild von Benjamin
am 15. Okt. 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer

Hi,

Rounding is your friend here, like others have mentioned.

My POV on this is if you have really strong comfort with the core functions (addition, subtraction, division, multiplication) → then percentages and fractions are just a subset of that.