Solving Problems “by the Hundreds” A Study of Percentage and Its Applications in the Study of Consumer Related Problems
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The Meaning of Percent
Percent is a term derived from two Latin words “per centum” which mean by the hundred. The symbol for percent is i. Observing this symbol carefully, one notices that it contains the numerals which represent the number one hundred. Percent means hundredths. One hundred hundredths equal one whole item. If a percent is less than 100% it is equivalent to a fraction less than one. If a percent is more than 100% it is equivalent to a fraction greater than one.