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FutureStarrHow to Find 1 Percent of a Number
In math, a percent is a number or ratio that represents a fraction of 100. A common question is how to find one percent of a number. To answer this question, you should first understand the formula for the percentage. This formula converts to the decimal 0. 01. It can also be expressed in its simplest form as 1 out of 100. It is composed of two terms. The first term represents 100, while the second term represents 1.
In order to calculate 1%, you need to know how percentage works and how to calculate the percentage of any number. Percentage means a number divided into 100 parts. For example, you have a huge cake and you have 100 guests. You need to divide that huge cake into 100 parts. Basically, every guest is getting 1% of the cake. That was pretty easy to calculate but what if, you have a huge cake and you have 50 guests? How much percent of the cake will each guest will be having? There are two ways to solve it, the old-fashion way and the quick way, we will discuss both ways, don't worry. The old-fashion way provides a great explanation for the concept of percentage. It might be a little bit time-consuming but it is worth it. As the words tell you, the quick way is very quick but there is not much learning about percentage in it. Below is the formula for finding percentage.
Whether you want to work out an appropriate tip at a restaurant, find out what percentage discount you’re receiving on a product or determine what a specific percentage of a number is, the need to know how to find the percent of something comes up regularly. To calculate percent values, you need to understand what percentage really means. Converting between decimal proportions and percentages is simple, but it also makes it really easy to estimate simple percentages and perform more complicated calculations. (Source: sciencing.com)