What is 12 percent of 1000000000? What is 1000000000 plus 12% and 1000000000 minus 12%?
12%
of
1000000000
=
120000000
1000000000
+
12%
=
1120000000
1000000000
−
12%
=
880000000
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Percent formula to figure out percentages:
1000000000 ⋅ 12 ÷ 100 = 120000000.
So, we got a discount percentage of 120000000. If the price was 1000000000 and a 12% (ie $120000000) discount percentage was deducted from it, then we get the final price $880000000. If we add the percentage received to the initial price, we get 1120000000 (1000000000+120000000). New price is 1120000000, as the price has risen 12%.