10% of 523 = 0.1 x 523 = 52.3
1% of $200 = 0.01 x 200 = 2
A percent is 1/100, by definition
http://www.google.com/search?q=percentGoogle says Percent = 0.01
if you search on a9, if you don't like google:
http://a9.com/percentThe first result says:
What is a Percent?A percent is a ratio of a number to 100. A percent can be expressed using the percent symbol %.
The second result, clicking on "percent of a number" in this goes here:
http://www.aaaknow.com/pct61ax2.htmMultiply the number by the percent (e.g. 87 * 68 = 5916)
Divide the answer by 100 (Move decimal point two places to the left) (e.g. 5916/100 = 59.16)
Or, you can just say: multiply the number by the percent (eg 87 * 0.68)
there's the answer
If you think this is wrong, please reply in FULL DETAIL, disproving each and every one of my points.