The use of percentages is a way of expressing ratios in terms of whole numbers. A ratio or fraction is converted to a percentage by multiplying by 100 and appending a "percentage sign" %. For example, if an investment grows from to
Basis Point, Percentage Error, Percentage Point, Permil
Bringhurst, R. The Elements of Typographic Style, 2nd ed. Point Roberts, WA: Hartley and Marks, p. 282, 1997.