interest rates charged by credit card companies and mortgage companies are shown as an annual percentage rate. interest rates for savings accounts are typically shown as an annual percentage rate (apr): 1.5% apr.sales tax is typically a percentage of purchase price: 8% sales tax.The percentage formula is sometimes expressed as: If any two of the variables are known, the third variable can be calculated.įormula used to solve percentage problems that relates two ratios where one of the ratios is a part or portion per 100 and the other ratio is a part or portion per a whole.Ī% of B is C as in: 10% of 90 is 9 where A=10, B=90, C=9 The percentage formula contains three variables. An exception is percentage points (example: 2 percentage points).Ĭalculator or tool that uses the percentage formula to solve for a desired value in that formula. The word percent is typically used with a number (example: 10 percent) while percentage is typically not used with a number (example: what percentage of the marbles are red?). It comes from per cent which is short for per centum which means per hundred.ġ percent (1%) = 1 part per 100 = 1/100 = 0.01 (a portion less than a whole)ġ00 percent (100%) = 100 parts per 100 = 100/100 = 1 (a portion equal to a whole)ġ10 percent (110%) = 110 parts per 100 = 110/100 = 1.1 (a portion greater than a whole)Īn amount per 100 that refers to a portion of a whole (in a general way) typically without using a specific number. It can be used to describe a portion of a whole or part of a whole. Abs(One Value - Another Value) abs((One Value + Another Value)/2) x 100%
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