Computing percentages is a crucial skill used in various aspects of our lives. Determining a specific portion of a value, known as a percentage, plays a significant role in decision-making, financial planning, and scientific calculations. For instance, calculating the percentage of a discount off a retail price helps consumers make informed purchasing decisions.
The calculation of percentages has been used for centuries, with its roots in the ancient civilizations of Mesopotamia and Egypt. Over time, the concept has evolved and become an essential tool in various fields, from mathematics and statistics to economics and finance.