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You would phrase it incorrectly then? That's 0.3 percentage points, but 60%
by mort96 2y ago
You would phrase it incorrectly then? That's 0.3 percentage points, but 60%
- lotsofpulp 2y agoDoesn’t the % symbol mean percentage points? A fee changing from 0.5% of a transaction to 0.8% of a transaction is increasing by 0.3%.
- mort96 2y agoNo, the % symbol means percent
- lotsofpulp 2y agoI thought percent, percentage, and percentage points are all the same thing.
- mort96 2y agoWell today's an excellent day to learn something new :D This wiki page has more info on the difference between percentages and percentage points: https://en.wikipedia.org/wiki/Percentage_point https://en.wikipedia.org/wiki/Percentage_point
- lotsofpulp 2y agoThanks!
- lobsterthief 2y agoAnd thank you for admitting you didn’t know something rather than digging your heels in :) Shows a lot of courage and willingness to grow and learn.
- vehemenz 2y agoIt’s more a matter of interpretation than correctnesss. If we’re not being deliberately obtuse, “absolute” and “relative” would go a long way toward disambiguation here.