1% is equal to 100 basis point. 44.5 percent is how many basis points greater than 34.5 percent?
A) .1
B) 10
C) 100
D) 1,000
E) 10,000

Question

Quizplus · Accepted Answer

1,000 basis points is the difference.
1 percent is equal to 100 basis points.
44.5 percent = 4450 basis points
34.5 percent = 3450 basis points.
The difference = 1000 basis points.
Key Takeaway: If you don't already know the term basis points, you should. It's an advantage to be comfortable converting back and forth between basis points and percentage points.

1% Is Equal to 100 Basis Point