Estimation of CO2 by titrimetric method using phenolphthalein indicator
But when we calculate the concentration of $\ce{CO2}$ we consider only reaction 2 which means we are calculating only a portion of the molecular $\ce{CO2}$ while the $\ce{CO2}$ that was present in the solution and reacted in Step 3 and the CO2 (the $\pu{10\%}$) that was directly converted into $\ce{H2CO3}$ (eq 1) are not taken into account.


Almost $\ce{H2CO3}$ in the sample will be converted to $\ce{HCO3-}$ as you proceed with the phenolpthalein endpoint. Search for "Speciation of Carbonate as function of pH" (Sorry I do want to immediately link the graph but it is only a http and stackexchange won't accept it).

At ~8.3 or so, all carbonate species is at the form of bicarbonate. All carbonic acid in the solution will be transformed as bicarbonate. The amount of carbonate ion is almost nonexistent. The $\ce{H+}$ released will be neutralized by NaOH, so aside from reacting directly with $\ce{CO2}$, it will also react with the $\ce{H+}$ released by $\ce{H2CO3}$, so (1) is accounted on the amount of NaOH that will be used.

Also, the sum of all equations (2) and (3) is just

$$\ce{2 NaOH + 2CO2 -&gt; 2NaHCO3}$$

So in essence, for 1 mole of NaOH you react with one mole of $\ce{CO2}$ to produce one mole sodium bicarbonate.

In totality, for every one mole $\ce{H2CO3}$, you react with one mole NaOH. For every direct reaction of NaOH with $\ce{CO2}$, the ratio is $1:1$.

So I guess that's all reactions accounted for.