Percentage is nothing but a fraction, whose denominator is 100. The actual meaning of Per-Cent is per every 100. It is usually denoted by the sign
% and sometimes shortened as P.C.
Eg. 5/100 is called 5 per cent (or 5%)
Here 5, which is the numerator is called the rate per cent.
In the same way 18% means 18/100 (18 out of 100)
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