diff --git a/substrate/primitives/arithmetic/src/helpers_128bit.rs b/substrate/primitives/arithmetic/src/helpers_128bit.rs
index 9b9c74ba5577..6c4a939c99f2 100644
--- a/substrate/primitives/arithmetic/src/helpers_128bit.rs
+++ b/substrate/primitives/arithmetic/src/helpers_128bit.rs
@@ -183,21 +183,35 @@ mod double128 {
 }
 
 /// Returns `a * b / c` (wrapping to 128 bits) or `None` in the case of
-/// overflow.
+/// overflow or div by zero.
 pub const fn multiply_by_rational_with_rounding(
 	a: u128,
 	b: u128,
 	c: u128,
 	r: Rounding,
 ) -> Option<u128> {
+	match checked_multiply_by_rational_with_rounding(a, b, c, r) {
+		Ok(value) => Some(value),
+		Err(_) => None,
+	}
+}
+
+/// Returns `a * b / c` (wrapping to 128 bits) or `Err` if tries to div by zero or
+/// overflow
+pub const fn checked_multiply_by_rational_with_rounding(
+	a: u128,
+	b: u128,
+	c: u128,
+	r: Rounding,
+) -> Result<u128, &'static str> {
 	use double128::Double128;
 	if c == 0 {
-		return None
+		return Err("Division by zero")
 	}
 	let (result, remainder) = Double128::product_of(a, b).div(c);
 	let mut result: u128 = match result.try_into_u128() {
 		Ok(v) => v,
-		Err(_) => return None,
+		Err(_) => return Err("Overflow"),
 	};
 	if match r {
 		Rounding::Up => remainder > 0,
@@ -208,10 +222,10 @@ pub const fn multiply_by_rational_with_rounding(
 	} {
 		result = match result.checked_add(1) {
 			Some(v) => v,
-			None => return None,
+			None => return Err("None"),
 		};
 	}
-	Some(result)
+	Ok(result)
 }
 
 pub const fn sqrt(mut n: u128) -> u128 {
@@ -244,6 +258,7 @@ pub const fn sqrt(mut n: u128) -> u128 {
 #[cfg(test)]
 mod tests {
 	use super::*;
+	use checked_multiply_by_rational_with_rounding as checked_mulrat;
 	use codec::{Decode, Encode};
 	use multiply_by_rational_with_rounding as mulrat;
 	use Rounding::*;
@@ -278,6 +293,36 @@ mod tests {
 		assert_eq!(mulrat(1, MAX / 2 + 1, MAX, NearestPrefUp), Some(1));
 	}
 
+	#[test]
+	fn rational_checked_multiply_basic_rounding_works() {
+		assert_eq!(checked_mulrat(1, 1, 1, Up), Ok(1));
+		assert_eq!(checked_mulrat(3, 1, 3, Up), Ok(1));
+		assert_eq!(checked_mulrat(1, 1, 3, Up), Ok(1));
+		assert_eq!(checked_mulrat(1, 2, 3, Down), Ok(0));
+		assert_eq!(checked_mulrat(1, 1, 3, NearestPrefDown), Ok(0));
+		assert_eq!(checked_mulrat(1, 1, 2, NearestPrefDown), Ok(0));
+		assert_eq!(checked_mulrat(1, 2, 3, NearestPrefDown), Ok(1));
+		assert_eq!(checked_mulrat(1, 1, 3, NearestPrefUp), Ok(0));
+		assert_eq!(checked_mulrat(1, 1, 2, NearestPrefUp), Ok(1));
+		assert_eq!(checked_mulrat(1, 2, 3, NearestPrefUp), Ok(1));
+		assert_eq!(checked_mulrat(3, 1, 0, Up), Err("Division by zero"));
+	}
+
+	#[test]
+	fn rational_checked_multiply_big_number_works() {
+		assert_eq!(checked_mulrat(MAX, MAX - 1, MAX, Down), Ok(MAX - 1));
+		assert_eq!(checked_mulrat(MAX, 1, MAX, Down), Ok(1));
+		assert_eq!(checked_mulrat(MAX, MAX - 1, MAX, Up), Ok(MAX - 1));
+		assert_eq!(checked_mulrat(MAX, 1, MAX, Up), Ok(1));
+		assert_eq!(checked_mulrat(1, MAX - 1, MAX, Down), Ok(0));
+		assert_eq!(checked_mulrat(1, 1, MAX, Up), Ok(1));
+		assert_eq!(checked_mulrat(1, MAX / 2, MAX, NearestPrefDown), Ok(0));
+		assert_eq!(checked_mulrat(1, MAX / 2 + 1, MAX, NearestPrefDown), Ok(1));
+		assert_eq!(checked_mulrat(1, MAX / 2, MAX, NearestPrefUp), Ok(0));
+		assert_eq!(checked_mulrat(1, MAX / 2 + 1, MAX, NearestPrefUp), Ok(1));
+		assert_eq!(checked_mulrat(1, MAX / 2 + 1, 0, NearestPrefUp), Err("Division by zero"));
+	}
+
 	#[test]
 	fn sqrt_works() {
 		for i in 0..100_000u32 {
diff --git a/substrate/primitives/arithmetic/src/per_things.rs b/substrate/primitives/arithmetic/src/per_things.rs
index fe88b72e24c2..31353c67d6f4 100644
--- a/substrate/primitives/arithmetic/src/per_things.rs
+++ b/substrate/primitives/arithmetic/src/per_things.rs
@@ -19,8 +19,8 @@
 use serde::{Deserialize, Serialize};
 
 use crate::traits::{
-	BaseArithmetic, Bounded, CheckedAdd, CheckedMul, CheckedSub, One, SaturatedConversion,
-	Saturating, UniqueSaturatedInto, Unsigned, Zero,
+	BaseArithmetic, Bounded, CheckedAdd, CheckedDiv, CheckedMul, CheckedSub, One,
+	SaturatedConversion, Saturating, UniqueSaturatedInto, Unsigned, Zero,
 };
 use codec::{CompactAs, Encode};
 use num_traits::{Pow, SaturatingAdd, SaturatingSub};
@@ -496,16 +496,35 @@ where
 	(x / maximum) * part_n + c
 }
 
+/// Checked compute of the error due to integer division in the expression `x / denom * numer`.
+fn rational_mul_correction<N, P>(x: N, numer: P::Inner, denom: P::Inner, rounding: Rounding) -> N
+where
+	N: MultiplyArg + UniqueSaturatedInto<P::Inner>,
+	P: PerThing,
+	P::Inner: Into<N>,
+{
+	checked_rational_mul_correction::<N, P>(x, numer, denom, rounding).unwrap()
+}
+
 /// Compute the error due to integer division in the expression `x / denom * numer`.
 ///
 /// Take the remainder of `x / denom` and multiply by  `numer / denom`. The result can be added
 /// to `x / denom * numer` for an accurate result.
-fn rational_mul_correction<N, P>(x: N, numer: P::Inner, denom: P::Inner, rounding: Rounding) -> N
+fn checked_rational_mul_correction<N, P>(
+	x: N,
+	numer: P::Inner,
+	denom: P::Inner,
+	rounding: Rounding,
+) -> Result<N, &'static str>
 where
 	N: MultiplyArg + UniqueSaturatedInto<P::Inner>,
 	P: PerThing,
 	P::Inner: Into<N>,
 {
+	if P::Inner::is_zero(&denom) {
+		return Err("Division by zero")
+	}
+
 	let numer_upper = P::Upper::from(numer);
 	let denom_n: N = denom.into();
 	let denom_upper = P::Upper::from(denom);
@@ -540,7 +559,7 @@ where
 			}
 		},
 	}
-	rem_mul_div_inner.into()
+	Ok(rem_mul_div_inner.into())
 }
 
 macro_rules! implement_per_thing {
@@ -1021,6 +1040,17 @@ macro_rules! implement_per_thing {
 			}
 		}
 
+		impl CheckedDiv for $name {
+			#[inline]
+			fn checked_div(&self, rhs: &Self) -> Option<Self> {
+                if rhs.0.is_zero() {
+					return None
+				}
+
+				self.deconstruct().checked_div(rhs.deconstruct()).map($name::from_parts)
+            }
+		}
+
 		impl $crate::traits::Zero for $name {
 			fn zero() -> Self {
 				Self::zero()
@@ -1544,6 +1574,77 @@ macro_rules! implement_per_thing {
 				}
 			}
 
+            #[test]
+			fn checked_rational_mul_correction_works() {
+				assert_eq!(
+					super::checked_rational_mul_correction::<$type, $name>(
+						<$type>::max_value(),
+						<$type>::max_value(),
+						<$type>::max_value(),
+						super::Rounding::NearestPrefDown,
+					),
+					Ok(0),
+				);
+				assert_eq!(
+					super::checked_rational_mul_correction::<$type, $name>(
+						<$type>::max_value() - 1,
+						<$type>::max_value(),
+						<$type>::max_value(),
+						super::Rounding::NearestPrefDown,
+					),
+					Ok(<$type>::max_value() - 1),
+				);
+				assert_eq!(
+					super::checked_rational_mul_correction::<$upper_type, $name>(
+						((<$type>::max_value() - 1) as $upper_type).pow(2),
+						<$type>::max_value(),
+						<$type>::max_value(),
+						super::Rounding::NearestPrefDown,
+					),
+					Ok(1),
+				);
+				// ((max^2 - 1) % max) * max / max == max - 1
+				assert_eq!(
+					super::checked_rational_mul_correction::<$upper_type, $name>(
+						(<$type>::max_value() as $upper_type).pow(2) - 1,
+						<$type>::max_value(),
+						<$type>::max_value(),
+						super::Rounding::NearestPrefDown,
+					),
+					Ok(<$upper_type>::from((<$type>::max_value() - 1))),
+				);
+				// (max % 2) * max / 2 == max / 2
+				assert_eq!(
+					super::checked_rational_mul_correction::<$upper_type, $name>(
+						(<$type>::max_value() as $upper_type).pow(2),
+						<$type>::max_value(),
+						2 as $type,
+						super::Rounding::NearestPrefDown,
+					),
+					Ok(<$type>::max_value() as $upper_type / 2),
+				);
+				// ((max^2 - 1) % max) * 2 / max == 2 (rounded up)
+				assert_eq!(
+					super::checked_rational_mul_correction::<$upper_type, $name>(
+						(<$type>::max_value() as $upper_type).pow(2) - 1,
+						2 as $type,
+						<$type>::max_value(),
+						super::Rounding::NearestPrefDown,
+					),
+					Ok(2),
+				);
+				// ((max^2 - 1) % max) * 2 / max == 1 (rounded down)
+				assert_eq!(
+					super::checked_rational_mul_correction::<$upper_type, $name>(
+						(<$type>::max_value() as $upper_type).pow(2) - 1,
+						2 as $type,
+						<$type>::max_value(),
+						super::Rounding::Down,
+					),
+					Ok(1),
+				);
+			}
+
 			#[test]
 			fn rational_mul_correction_works() {
 				assert_eq!(
@@ -1737,6 +1838,26 @@ macro_rules! implement_per_thing {
 					Some($name::from_percent(0))
 				);
 			}
+
+			#[test]
+            fn test_basic_checked_div() {
+                assert_eq!(
+                    $name::from_parts($max).checked_div(&$name::from_parts($max)),
+                    Some($name::from_parts(1))
+                );
+				assert_eq!(
+					$name::from_percent(100).checked_div(&$name::from_parts(100)),
+					Some($name::from_percent(1))
+				);
+                assert_eq!(
+                    $name::from_percent(0).checked_div(&$name::from_percent(0)),
+                    None
+                );
+                assert_eq!(
+                    $name::from_parts(0).checked_div(&$name::from_parts(0)),
+                    None
+                );
+            }
 		}
 	};
 }