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\lhead{\color{blue} \large Lecture Notes}
\chead{\Large Fractions - Part 1}
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\lfoot{\footnotesize \copyright  \;  Hidegkuti, 2013}
\rfoot{\footnotesize Last revised: July 14, 2013}
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\begin{document}


\begin{center}
{\LARGE Definition of a Fraction}\vspace{0.1in}
\end{center}

What is a fraction? \ A fraction has three components as shown on the
picture below. \ The important parts are the numerator above and the
denominator below the little line.

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At first let us not even consider a fraction alone. \ We will just define a 
\textbf{fraction of something}.\vspace{0.1in}

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\qquad \textbf{Definition:} \ $\dfrac{3}{5}$ of a quantity can be obtained
as follows.\vspace{0.06in}

\qquad \qquad \qquad Step 1. \ We first divide the quantity into $5$ equal
shares.\vspace{0.06in}

\qquad \qquad \qquad Step 2. \ Let us take $3$ such shares.\ That is $\dfrac{%
3}{5}$ of our quantity.

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\vspace{0.09in}

So the numerator tells us how many shares we have. \ The denominator tells
us how big each share is.\vspace{0.06in}\vspace{0.06in}

\textbf{Example 1. }\ Find $\dfrac{3}{5}$ of $\$100$.\vspace{0.06in}

Step 1. \ Divide $\$100$ into $5$ equal shares. \ \vspace{0.06in}

\qquad We break the $\$100$ into five twenty dollar bills. \ In other words, 
$\dfrac{1}{5}$ of $\$100$ is $\$20$.\vspace{0.06in}

Step 2. \ Let us take $3$ such shares.\vspace{0.06in}

\qquad We take three twenty dollar bills, that is $\$60$. \ In other words, $%
\dfrac{3}{5}$ of $\$100$ is $\$60$.\vspace{0.06in}\vspace{0.06in}

\textbf{Example 2. \ }Compute\textbf{\ }$\dfrac{4}{7}$ of $42$.\vspace{0.06in%
}\vspace{0.06in}

Solution: \ 

\qquad Step 1. \ We divide $42$ into $7$ equal shares. \ $\dfrac{1}{7}$ of $%
42$ is $6$.\vspace{0.06in}

\qquad Step 2. \ We take $4$ such shares. \ $\qquad \dfrac{4}{7}$ of $42$ is 
$4\cdot 6=24$. \ The answer is $24$.\vspace{0.06in}

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\textbf{Example 3.} \ Shade the region on the picture that corresponds to $%
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\pagebreak 

Solution: \ 

Step 1. \ Divide the circle into $8$ equal shares.\qquad \qquad \qquad Step
2. \ Take $5$ such shares.

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\textbf{Example 4.} \ A cake was sliced into equal slices. \ Amy ate $2$
slices and Betsy ate $3$ slices. \ If $2$ slices were remaining, what
fraction of the cake was eaten?\vspace{0.06in}

Solution:\ \ We need to first figure out how many slices made up the cake. \
If $2$ were eaten by Amy and $3$ by Betsy and $2$ more were left, then there
were all together $2+3+2=7$ slices. \ 5 slices were eaten which were $\dfrac{%
5}{7}$ of the cake. \ So the answer is $\dfrac{5}{7}$.\vspace{0.06in}

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\medskip

\textbf{Example 5.} \ Compute $\dfrac{8}{100}$ of $\$2000$.\vspace{0.06in}

Solution: \ We divide $\$2000$ into $100$ equal shares. \ Each share is $\$20
$. \ Then we take $8$ such shares, that is $8\cdot \$20=\$160$. \ Thus $%
\dfrac{8}{100}$ of $\$2000$ is $\$160$.\vspace{0.1in}\vspace{0.1in}

Note: \ We often use fractions with $100$ in the denominator. \ These
fractions also called percents and denoted by $\%$. \ Thus, when we are
asked to compute $8\%$ of a quantity, that is exactly the same as $\dfrac{8}{%
100}$ of it.\vspace{0.2in}

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{\large Practice Problems}
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\begin{enumerate}
\item 
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Compute $\dfrac{4}{9}$ of $63$.

\item Shade $\dfrac{5}{9}$ of the circle below.

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\item Compute $\dfrac{5}{6}$ of $24$.

\item The price of a TV is $\$400$. \ We want to raise \newline
the price by $5\%$. \ What is the new price?

\item The price of a couch is $\$700$. \ Next week, it will go \newline
on a $15\%$ off sale. \ What is the new price? (A $15\%$ \newline
sale means that the price of the item is lowered \newline
by $15\%$.)

\item Find $\dfrac{3}{4}$ of $56$.

\item We placed $\$2000$ into a bank account with $6\%$ yearly interest
rate. How much money do we have in the bank after one year?

\item This problem is about a method of comparing fractions.

a) \ Compute $\dfrac{3}{7}$ \ of \ $420$.

b) \ Compute $\dfrac{4}{10}$ of $420$.

c) \ Based on the results of parts a) and b), which fraction is larger, $%
\dfrac{3}{7}$ \ or $\dfrac{4}{10}$?

\item Bert has made $\$54\,000$ last year. \ If he has to pay $32\%$ of his
income in taxes, how much taxes does he owe and how much of his income will
he keep?

\item Sally used to make $\$2400$ per month, but now she got a $3\%$ raise.
\ How much is her monthly salary now?

\item Mr. X won \thinspace $\$600\,000$ in the lottery two yers ago. \ By
now he has spent some of the money. \ When he was asked what happened, he
said the following. \ "\textit{I didn't spend it all. \ I spent }$\dfrac{1}{3%
}$\textit{\ of the money by taking a luxury yacht trip around the world. \
Then I put the rest in the bank. \ Later I decided to buy a house I really
liked. \ So I took }$\dfrac{3}{4}$\textit{\ of the money out of the bank and
baught the house. \ For half of what was left, I purchased stocks that
completely lost their value. \ Finally, I gave }$\dfrac{2}{5}$\textit{\ of
what's left to my niece for her college education."}

How much money is left from the winnings? 
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\bigskip 

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\ \ \ Answers
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\item 
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$16$ \ \ \ \ \ 2. \ See below 

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\item $20$ \ \ \ \ 4. \ $\$420$ \ \ \ \ 5. \ $\$595$ \ \ \ \ 6. \ $42$

\item[7.] $\$2120$ \ \ \ \ 8. \ a) \ $180$ \ \ b) \ $168$ \ \ c) \ $\dfrac{3%
}{7}$ is $\ $larger

\item[9.] $\$17\,280$ in taxes and will keep $\$36\,720$. \ \ \ \ 

\item[10.] $\$2472$ \ \ \ \ 11. \ $\$30\,000$%
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