What does 3.1% mean?

3.1% means 3.1 out of every 100.

Worked examples
3.1% of 100 = 3.10
3.1% of 250 = 7.75
3.1% of 1,000 = 31.00
Visual guide
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3.1% of a 100-part whole.

Where you might see this number

Percentages are used for discounts, tax rates, growth, interest, statistics, and exam marks.

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