EXAMPLE: How many dollars is 6% of $50?
$50, the _Base_, or number on which percentage is computed.
.06, the _Rate_, or term denoting number of hundredths taken.
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$3.00, the _Percentage_, or the product of the base and rate per
cent.
$53.00, the _Amount_, or the base increased by the percentage.
$47.00, the _Proceeds_, or _Difference_, the base less the percentage.
_Ans._ $3.00.
When the rate per cent is an aliquot part of 100, the percentage is
readily found by taking such a part of the base as the rate per cent is
part of 100. Thus, at 10%, take 1/10 of base; at 12-1/2%, 1/8; at
16-2/3%, 1/6, etc.
The base and percentage given, to find the rate.