This document discusses percentages and percent problems. It defines a percentage as a fraction with a denominator of 100. Percentages make it easy to compare quantities. A percent problem has three parts: the amount, the base, and the percent. The amount is part of the whole (base). The percent expresses the ratio of the amount to the base as a percentage. The document provides examples and exercises for identifying these parts and calculating unknown values in percent problems using the formula: Percent = Amount/Base x 100.