percentage and its application
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In all the above statements, the important word is 'percent'. ... In this lesson, we shall study percent as a fraction or a decimal and shall also study its applications in solving problems of profit and loss, discount, simple interest, compound interest, rate of growth and depreciation etc.
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Step-by-step explanation:
Application of Percentages – Percent means per hundred. It represents the fraction in which denominator is 100. Symbol of the percent is %. Percent represents either increment or deduction. Percentage helps in comparison. If the percent value increases, it is called growth. If the percent value decreases, it is called depreciation.
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