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No. A 100 % cotton shirt will not shrink when you wash it.
50% off is the same as saying the shirt costs 50% of its original cost. 50% of original cost = 19.50*50/100 = 9.75
47 percent out of 100 percent is 47 percent (0.47 x 100 percent = 47 percent). More clearly, 47 % / 100 % = 47 / 100 = 0.47
3 percent out of 100 percent = 0.03 x 100 percent = 3 percent
25 percent of 100 percent = 0.25