A percent is a ratio whose second term is 100, in essence x per 100. Percent means parts per hundred. The word comes from the Latin phrase per centum, which means per hundred.
Resource:
Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
Wikipedia. Wikimedia Foundation, n.d. Web. 06 Aug. 2015.
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