Is this the correct way of calculating percentage of marks?

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Consider this addition of the fractions: \begin{align} \dfrac{1}{2}+\dfrac{10}{30}=\dfrac{5}{6}. \end{align}

Then consider a case where a person has got $\dfrac12$ in a subject and $\dfrac{10}{30}$ in another subject: \begin{align} \text{Percentage obtained =} \dfrac{\text{Marks obtained}×100}{\text{Total marks}}=\dfrac{(1+10)×100}{30+2}=34.375. \end{align}

So, the person scored $34.375\%.$ This is how all teachers calculate.

But isn't this wrong? Doesn't this method violate laws of fractions?

As in, $1$ mark obtained in the first subject has more “value” compared to the $1$ mark obtained in the second subject?

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Your top example needs to be corrected from $$\require{cancel} \cancel{\dfrac{1}{2}+\dfrac{10}{30}=83.333\%}$$ to $$\frac12\left(\dfrac{1}{2}+\dfrac{10}{30}\right)=41.667\%;$$ this computes the simple average of the scaled scores of the various subjects.

In contrast, in your bottom example $$\frac{1+10}{2+30}\color{green}{=\frac2{32}\left(\dfrac{1}{2}\right)+\frac{30}{32}\left(\dfrac{10}{30}\right)}=34.375\%,$$ every mark in every subject is worth the same value; in other words, this is a different type of average score of the various subjects, this time each subject given a weightage corresponding to the total marks available in it.


A more illustrative example: say there are two Economics exam papers, Multiple-choice and Essay, in which you scored $55$ out of $60$ and $15$ out of $100,$ respectively. Then the simple average of the two scaled scores (every paper has the same score-worth) is $$\frac12\left(\frac{55}{60}+\frac{15}{100}\right)=53.3\%,$$ whereas the weighted average of the two scores (every mark has the same score-worth) is $$\frac{55+15}{60+100}\color{green}{=\frac{60}{160}\left(\dfrac{55}{60}\right)+\frac{100}{160}\left(\dfrac{15}{100}\right)}=43.75\%.$$


Neither average is more correct than the other; the choice of formula just depends on the assessment scheme.