Understanding Percentages

What does 1% represent when an object is divided into 100 equal parts?

• 100 out of 100 parts

• 1 out of 100 parts

• 1 out of 10 parts

• 10 out of 100 parts

If you have $100, what is the value of 1%?

• $0.10

• $100

• $10

• $1

How much is 1% of $1,000?

• $100

• $10

• $1000

• $1

How can 23% be expressed as a decimal?

• 2.3

• 0.023

• 0.23

• 23.0

What is 23% of $1,000?

• $23

• $230

• $2,300

• $23,000