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Percentage



 
 
In mathematics
Mathematics

Mathematics is the study of quantity, structure, space, change, and related topics of pattern and form. Mathematicians seek out patterns whether found in numbers, space, natural science, computers, imaginary abstractions, or elsewhere....
, a percentage is a way of expressing a number as a fraction
Fraction

In common usage a fraction is any part of a Units of measurement.Fraction may also mean:*Fraction , a quotient of numbers, e.g. "?"; or, more generally, an element of a quotient field...
 of 100 (per cent meaning "per hundred"). It is often denoted using the percent sign
Percent sign

The percent sign is the symbol used to indicate a percentage . It is represented in Unicode by .Related signs include the permille sign ? and the permyriad sign , which indicate that a number is divided by one thousand or ten thousand respectively....
, "%". For example, 45% (read as "forty-five percent") is equal to 45 / 100, or 0.45.

Percentages are used to express how large 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.






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In mathematics
Mathematics

Mathematics is the study of quantity, structure, space, change, and related topics of pattern and form. Mathematicians seek out patterns whether found in numbers, space, natural science, computers, imaginary abstractions, or elsewhere....
, a percentage is a way of expressing a number as a fraction
Fraction

In common usage a fraction is any part of a Units of measurement.Fraction may also mean:*Fraction , a quotient of numbers, e.g. "?"; or, more generally, an element of a quotient field...
 of 100 (per cent meaning "per hundred"). It is often denoted using the percent sign
Percent sign

The percent sign is the symbol used to indicate a percentage . It is represented in Unicode by .Related signs include the permille sign ? and the permyriad sign , which indicate that a number is divided by one thousand or ten thousand respectively....
, "%". For example, 45% (read as "forty-five percent") is equal to 45 / 100, or 0.45.

Percentages are used to express how large 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.

Although percentages are usually used to express numbers between zero and one, any dimensionless proportionality
Proportionality (mathematics)

In mathematics, two quantity are called proportional if they vary in such a way that one of the quantities is a constant multiple of the other, or equivalently if they have a constant ratio....
 can be expressed as a percentage. For instance, 111% is 1.11 and -0.35% is -0.0035.

Proportions

Percentages are correctly used to express fractions of the total. For example, 25% means 25 / 100, or one quarter, of some total.

Percentages larger than 100 can be meant literally (such as "a family must earn at least 125% over the poverty line to sponsor a spouse visa").

Calculations

The fundamental concept to remember when performing calculations with percentages is that the percent symbol can be treated as being equivalent to the pure number constant . , for an example 35% of 300 can be written as .

To find the percentage of a single unit in a whole of N units, divide 100% by N. For instance, if you have 1250 apples, and you want to find out what percentage of these 1250 apples a single apple represents, provides the answer of 0.08%.

To calculate a percentage of a percentage, convert both percentages to fractions of 100, or to decimals, and multiply them. For example, 50% of 40% is:
It is not correct to divide by 100 and use the percent sign at the same time. (E.g. , not , which actually is .)

An example problem

Whenever we talk about a percentage, it is important to specify what it is relative to, i.e. what the total is that corresponds to 100%. The following problem illustrates this point.

In a certain college 60% of all students are female, and 10% of all students are computer science majors. If 5% of female students are computer science majors, what percentage of computer science majors are female?


We are asked to compute the ratio
Ratio

A ratio is an expression which compares quantities relative to each other. The most common examples involve two quantities, but in theory any number of quantities can be compared....
 of female computer science majors to all computer science majors. We know that 60% of all students are female, and among these 5% are computer science majors, so we conclude that (60 / 100) × (5/100) = 3/100 or 3% of all students are female computer science majors. Dividing this by the 10% of all students that are computer science majors, we arrive at the answer: 3% / 10% = 30 / 100 or 30% of all computer science majors are female.

This example is closely related to the concept of conditional probability
Conditional probability

Conditional probability is the probability of some event A, given the occurrence of some other event B. Conditional probability is written P, and is read "the probability of A, given B"....
.

Here are other examples:

  1. What is 200% of 30?
    Answer: 200% × 30 = (200 / 100) × 30 = 60.
  2. What is 13% of 98?
    Answer: 13% × 98 = (13 / 100) × 98 = 12.74.
  3. 60% of all university students are male. There are 2400 male students. How many students are in the university?
    Answer: 2400 = 60% × X, therefore X = (2400 / (60 / 100)) = 4000.
  4. There are 300 cats in the village, and 75 of them are black. What is the percentage of black cats in that village?
    Answer: 75 = X% × 300 = (X / 100) × 300, so X = (75 / 300) × 100 = 25, and therefore X% = 25%.
  5. The number of students at the university increased to 4620, compared to last year's 4125, an absolute increase of 495 students. What is the percentual increase?
    Answer: 495 = X% × 4125 = (X / 100) × 4125, so X = (495 / 4125) × 100 = 12, and therefore X% = 12%.


Percent increase and decrease


Sometimes due to inconsistent usage, it is not always clear from the context what a percentage is relative to. When speaking of a "10% rise" or a "10% fall" in a quantity, the usual interpretation is that this is relative to the initial value of that quantity. For example, if an item is initially priced at $200 and the price rises 10% (an increase of $20), the new price will be $220. Note that this final price is 110% of the initial price (100% + 10% = 110%).

Some other examples of percent changes:
  • An increase of 100% in a quantity means that the final amount is 200% of the initial amount (100% of initial + 100% of initial = 200% of initial); in other words, the quantity has doubled.
  • An increase of 800% means the final amount is 9 times the original (100% + 800% = 900% = 9 times as large).
  • A decrease of 60% means the final amount is 40% of the original (100% - 60% = 40%).
  • A decrease of 100% means the final amount is zero (100% - 100% = 0%).


In general, a change of percent in a quantity results in a final amount that is percent of the original amount (equivalently, times the original amount).

It is important to understand that percent changes, as they have been discussed here, do not add in the usual way, if applied sequentially. For example, if the 10% increase in price considered earlier (on the $200 item, raising its price to $220) is followed by a 10% decrease in the price (a decrease of $22), the final price will be $198, not the original price of $200.

The reason for the apparent discrepancy is that the two percent changes (+10% and -10%) are measured relative to different quantities ($200 and $220, respectively), and thus do not "cancel out".

In general, if an increase of percent is followed by a decrease of percent, the final amount is times the initial amount — thus the net change is an overall decrease by percent of percent (the square of the original percent change when expressed as a decimal number).

Thus, in the above example, after an increase and decrease of percent, the final amount, $198, was 10% of 10%, or 1%, less than the initial amount of $200.

In the case of interest rate
Interest rate

An interest rate is the price a borrower pays for the use of money they do not own, for instance a small company might borrow from a bank to kick start their business, and the return a lender receives for deferring the use of funds, by lending it to the borrower....
s, it is a common practice to state the percent change differently. If an interest rate rises from 10% to 15%, for example, it is typical to say, "The interest rate increased by 5%" — rather than by 50%, which would be correct when measured as a percentage of the initial rate (i.e., from 0.10 to 0.15 is an increase of 50%). Such ambiguity can be avoided by using the term "percentage point
Percentage point

Percentage points are the unit for the arithmetic difference of two percentages.Consider the following hypothetical example: in 1980, 40 percent of the population smoked, and in 1990 only 30 percent smoked....
s". In the previous example, the interest rate "increased by 5 percentage points" from 10% to 15%. If the rate then drops by 5 percentage points, it will return to the initial rate of 10%, as expected.

Word and symbol


In British English
British English

British English or UK English is the broad term used to distinguish the forms of the English language used in the United Kingdom from forms used elsewhere....
, percent is usually written as two words (per cent, although percentage and percentile are written as one word). In American English
American English

PhonologyIn many ways, compared to English language in England, North American English is conservative in its phonology. Some distinctive accents can be found on the East Coast of the United States , partly because these areas were in contact with England, and imitated prestigious varieties of English English at a time when those varieties we...
, percent is the most common variant (but cf. per mille written as two words). In EU context the word is always spelled out in one word percent. In the early part of the twentieth century, there was a dotted abbreviation form "per cent.", as opposed to "per cent". The form "per cent." is still in use as a part of the highly formal language found in certain documents like commercial loan agreements (particularly those subject to, or inspired by, common law), as well as in the Hansard
Hansard

Hansard is the traditional name for the printed Transcription of parliamentary debates in the Westminster system of government. In addition to the Parliament of the United Kingdom and the UK's devolved institutions, a Hansard is maintained for the Parliament of Canada and the Canadian provincial legislatures, the Parliament of Australia and...
 transcripts of British Parliamentary proceedings. While the term has been attributed to Latin
Latin

Latin is an Italic language, historically spoken in Latium and Ancient Rome. Through the Military history of the Roman Empire, Latin spread throughout the Mediterranean and a large part of Europe....
 per centum, this is a pseudo-Latin
Dog Latin

Dog Latin or mock-Latin refers to the creation of a phrase or jargon in imitation of Latin, often by directly translating English language words into Latin without Latin conjugation or latin declension....
 construction and the term was likely originally adopted from the French
French language

French is a Romance language spoken around the world by around 80 million people as first language, by 190 million as second language, and by about another 200 million people as an acquired tongue, with significant speakers in 54 countries....
 pour cent. The concept of considering values as parts of a hundred is originally Greek
Ancient Greece

The term Ancient Greece refers to the period of History of Greece lasting from the Greek Dark Ages ca. 1100 BC and the Dorian invasion, to 146 BC and the Roman Republic conquest of Greece after the Battle of Corinth ....
. The symbol for percent
Percent sign

The percent sign is the symbol used to indicate a percentage . It is represented in Unicode by .Related signs include the permille sign ? and the permyriad sign , which indicate that a number is divided by one thousand or ten thousand respectively....
 (%) evolved from a symbol abbreviating the Italian per cento. In some other languages, the form prosent is used instead.

Grammar and style guides often differ as to how percentages are to be written. For instance, it is commonly suggested that the word percent (or per cent) be spelled out in all texts, as in "1 percent" and not "1%." Other guides prefer the word to be written out in humanistic texts, but the symbol to be used in scientific texts. Most guides agree that they always be written with a numeral, as in "5 percent" and not "five percent," the only exception being at the beginning of a sentence: "Ninety percent of all writers hate style guides." Decimals are also to be used instead of fractions, as in "3.5 percent of the gain" and not "3 ½ percent of the gain." It is also widely accepted to use the percent symbol (%) in tabular and graphic material.

There is no consensus as to whether a space should be included between the number and percent sign in English. Style guides – such as the Chicago Manual of Style – commonly prescribe to write the number and percent sign without any space in between. The International System of Units
International System of Units

The International System of Units is the modern form of the metric system and is generally a system devised around the convenience of the number ten....
 and the ISO 31-0
ISO 31-0

ISO 31-0 is the introductory part of International Organization for Standardization ISO 31 on physical quantity and physical unit. It provides guidelines for using physical quantities, quantity and unit symbols, and coherent unit systems, especially the SI....
 standard, on the other hand, require a space.

Related units

  • Percentage point
    Percentage point

    Percentage points are the unit for the arithmetic difference of two percentages.Consider the following hypothetical example: in 1980, 40 percent of the population smoked, and in 1990 only 30 percent smoked....
  • Per mille
    Permille

    A per mil or per mille is a tenth of a percent or one part per thousand. It is written with the sign ? ., which looks like a percent sign with an extra zero at the end....
     (‰) 1 part in 1,000
  • Basis point
    Basis point

    A basis point is a unit that is equal to 1/100th of a percentage point. It is frequently used to express percentage point changes of less than 1%....
      1 part in 10,000
  • Per cent mille
    Per cent mille

    A per cent mille or pcm is one one-thousandth of a percent. It can be thought of as a "milli-percent". It is commonly used in nuclear reactor engineering....
     (pcm) 1 part in 100,000
  • Parts per million (ppm)
  • Parts per billion (ppb)
  • Parts per trillion (ppt)
  • Baker percentage
    Baker percentage

    Baker percentage, sometimes called formula percentage, is a way of indicating the proportion of ingredients when making bread. Contrary to the usual way of expressing percentages, instead of the overall total adding up to 100%, ingredients are given as percent weight of the flour, which is 100%....
  • Concentration
    Concentration

    In chemistry, concentration is the measure of how much of a given chemical substance there is mixed with another substance. This can apply to any sort of chemical mixture, but most frequently the concept is limited to homogeneous solutions, where it refers to the amount of solute in the solvent....
  • Grade (slope)
  • Volume percent
    Volume percent

    Volume percent is a common expression of a solution's concentration. It is defined as:Volume percent is usually used when the solution is made by mixing two fluids, such as liquids or gases....


External links

  • BBC raw money