Percentage. Rate per hundred or proportion in a hundred parts. Thus, 1 per cent is 1 on (or in)
100. For instance, a dividend of I per cent means $1 on each $100 of stock. Interest at 5 per cent
means $5 on each $100 of the whole amount, which is $50 on a bond for $1,000. A premium of 3
per cent is $3 on each $100.
100. For instance, a dividend of I per cent means $1 on each $100 of stock. Interest at 5 per cent
means $5 on each $100 of the whole amount, which is $50 on a bond for $1,000. A premium of 3
per cent is $3 on each $100.
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