BUS 100 Lecture Notes - Basis Point, Discount Window, The Grocer
Document Summary
6. 1 percent is a special fraction" with denominator of 100. The numerator of a percent can be a whole number or a fraction but the numerator of a fraction is always a whole number. Similarly, a given fraction has an equivalent percent, which is a fraction" with denominator 100: 2 decimal form of percent. Percent can also be written in decimal form by dividing it by 100, which is the same as placing a decimal point two digits to the left. % = 0. 50 100 = 0. 05. 33 13 % = 33. 33 100 = 0. 33. Percent can also be written in ratio form with the percent being the first term and 100 the second term. Example 4 10 % = 10:100; 54. 5% = 54. 5: 100; 15% = 15:100 ; 75% = 75:100. Percent is the rate and percentage is the result when the rate is applied. Percent is part of a whole which is 100 rather than.