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<record version="4" id="9947">
 <title>per cent</title>
 <name>PerCent</name>
 <created>2007-09-19 14:43:05</created>
 <modified>2007-09-20 10:23:24</modified>
 <type>Definition</type>
<parent id="2818">fraction</parent>
 <creator id="3771" name="CWoo"/>
 <author id="2872" name="pahio"/>
 <author id="3771" name="CWoo"/>
 <classification>
	<category scheme="msc" code="00A69"/>
	<category scheme="msc" code="97D99"/>
 </classification>
 <defines>
	<concept>percentage point</concept>
	<concept>per cent number</concept>
	<concept>base value</concept>
	<concept>per cent value</concept>
 </defines>
 <synonyms>
	<synonym concept="per cent" alias="percent"/>
 </synonyms>
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 <content>\PMlinkescapeword{mean}

The \PMlinkescapetext{word} {\em per cent} may be in general interpreted to mean a `hundredth'.  So e.g. 5 per cent is `5 hundredths', i.e. $\frac{5}{100}$.

In practice, giving some number of per cents, one means so many hundredths of a quantity given in the same \PMlinkescapetext{sentence} or being clear from the context; for example, we can say that the illiteracy in the world is about 20 per cent -- meaning that 20/100 of the adults of the world cannot read.  If we say that the interest (rate) of a loan is 8 per cent, it means that one must pay interest for the loan 8/100 of the amount of the loan in a year.

If a percentage of a quantity has changed e.g. from 12\% to 15\%, we must not say that it has grown 3\% but that it has grown 3 {\em percentage points}.\\

\textbf{Determination of percentage}

How many percent a number $a$ is of a second number $b$?  The answer, the {\em per cent number} $p$, is obtained from
\begin{align}
p = \frac{a}{b}\cdot 100.
\end{align}
The number $b$ here is called the {\em base value} and $a$ the {\em per cent value}(?).  Essentially, the procedure in (1) may be replaced by converting the ratio $\frac{a}{b}$ to hundredths, which can be done formally by multiplying this ratio by\, $1 = \frac{100}{100} = 100\%$:
$$\frac{a}{b} = \frac{a}{b}\cdot 100\,\%.$$


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