What is 16 percent of 1000000000? What is 1000000000 plus 16% and 1000000000 minus 16%?
16%
of
1000000000
=
160000000
1000000000
+
16%
=
1160000000
1000000000
−
16%
=
840000000
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Percent formula to figure out percentages:
1000000000 ⋅ 16 ÷ 100 = 160000000.
So, we got a discount percentage of 160000000. If the price was 1000000000 and a 16% (ie $160000000) discount percentage was deducted from it, then we get the final price $840000000. If we add the percentage received to the initial price, we get 1160000000 (1000000000+160000000). New price is 1160000000, as the price has risen 16%.