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Yes, it can.
Greater than 100% or smaller than -100%.
1100
1609.344/1500 x 100 - 100 = 7.2896 Therefore, 1609.344 is 7.2896 percent larger than 1500.
anything larger than 100 ie 101 (101%) 110 (110%) 500 (500%) or even 100.01 (100.01%)