What is 3 percent less than 742? What is the formula used to calculate 3 percent less than 742? How can we calculate 3 percent less than 742?
Here we will show you the formula used to calculate 3 percent less than 742 (3% less than 742), and then we will calculate the answer to 3 percent less than 742 using our formula. We will also illustrate what 3 percent less than 742 looks like.
The formula used to calculate 3 percent less than 742, 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 742 for OV in our formula, we get the answer to 3 percent less than 742, as solved here:
PL = 742 - ((3 ÷ 100) × 742)
PL = 742 - (0.03 × 742)
PL = 742 - 22.26
PL = 719.74
3% less than 742 = 719.74
So, how does our formula work to calculate 3 percent less than 742? First, it takes 3 percent of 742, and then we subtract that result from 742 to get our final answer. We have provided an illustration below so you can better visualize 3 percent less than 742.
In our illustration above, the areas shaded in blue and red add up to 742, and the area shaded in red is 3 percent of 742. In other words, blue is 719.74, red is 22.26, and blue plus red is 742.
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