What is 3 percent less than 31? What is the formula used to calculate 3 percent less than 31? How can we calculate 3 percent less than 31?
Here we will show you the formula used to calculate 3 percent less than 31 (3% less than 31), and then we will calculate the answer to 3 percent less than 31 using our formula. We will also illustrate what 3 percent less than 31 looks like.
The formula used to calculate 3 percent less than 31, as well as other percent less than problems, can be seen below:
PL = OV - ((P ÷ 100) × OV)
PL (Percent Less) is the answer we want, P (%) is the percent, and OV (Original Value) is the starting value. Therefore, when we substitute 3 for P and 31 for OV in our formula, we get the answer to 3 percent less than 31, as solved here:
PL = 31 - ((3 ÷ 100) × 31)
PL = 31 - (0.03 × 31)
PL = 31 - 0.93
PL = 30.07
3% less than 31 = 30.07
So, how does our formula work to calculate 3 percent less than 31? First, it takes 3 percent of 31, and then we subtract that result from 31 to get our final answer. We have provided an illustration below so you can better visualize 3 percent less than 31.
In our illustration above, the areas shaded in blue and red add up to 31, and the area shaded in red is 3 percent of 31. In other words, blue is 30.07, red is 0.93, and blue plus red is 31.
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