Percentage Point (Noun)
Meaning
The dot at the left of a decimal fraction.
Classification
Nouns denoting communicative processes and contents.
Examples
- The interest rate on the loan was 5 percentage points higher than the bank's standard rate, making it a costly option for borrowers.
- A single percentage point increase in the tax rate would generate an additional $10 million in revenue for the city.
- The survey showed a 3 percentage point increase in support for the candidate among young voters.
- The economist argued that a 1 percentage point reduction in the inflation rate would have a significant impact on economic growth.
- The stock price dropped by 2 percentage points after the company announced its disappointing quarterly earnings.