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This principle
also works for any other percentage.
Percent means for
every hundred, so 8% means 8 for every
100.
First find 1%. 1% is one for
every hundred.
To find 1% divide
by 100, for example;
- 1% of £712
= £7.12
- 1% of £28,000
= £280
- 1% of £120,023
= £1,200.23
To divide by a
hundred move the decimal point 2 places
to the left.
To find
8% multiply 1% by 8,
- 1%
of 712 = 7.12 and then 7.12 x 8 =
£56.96
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