A percentage is a way of expressing a number as a fraction of 100 (per cent meaning “per hundred” in Latin). It is often denoted using the percent sign, “%”, or the abbreviation “pct”. For example, 45% (read as “fortyfive percent”) is equal to 45/100, or 0.45. Percentages are used to express how large/small one quantity is, relative to another quantity. The first quantity usually represents a part of, or a change in, the second quantity, which should be greater than zero. For example, an increase of $ 0.15 on a price of $ 2.50 is an increase by a fraction of 0.15/2.50 = 0.06. Expressed as a percentage, this is therefore a 6% increase. Remember that:
Example: Let's consider the number 50.
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