% rate = 1/3 * 100% * 1000 = 33333.33%
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1% of 11,000= 1% * 11000= 0.01 * 11000= 110
11000 - 18% = 11000 x (1 - (18/100)) = 11000 x 0.82 = 9020
Percent means "out of 100" → 5% of 11000 = 5/100 × 11000 = 550.
25% of $11,000.00= 25% * 11000= 0.25 * 11000= $2,750.00
8800