The Latin word "per centum," which meaning "by the hundred," was the source of the English word "percentage." Fractions with a denominator of 100 are called percentages.
In other words, it is a relationship where the value of the entire is always assumed to be 100.
Percentage is a fraction or a ratio in which the value of whole is always 100.
Percent is another name for indicating hundredths.
The percentage formula is used to find the share of a whole in terms of 100