What does 12.4% mean?

12.4% means 12.4 out of every 100.

Worked examples
12.4% of 100 = 12.40
12.4% of 250 = 31.00
12.4% of 1,000 = 124.00
Visual guide
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12.4% of a 100-part whole.

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

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