The formula to calculate the chart percentage is:
\[ \text{CP} = \left(\frac{\text{PV}}{\text{TV}}\right) \times 100 \]
Where:
A chart percentage is a visual representation of data in the form of a chart that shows the proportion of each category in a total. It is often used in business and research to easily understand and interpret data. The percentages are calculated by dividing the value of each category by the total value, then multiplying by 100 to get the percentage. This allows for a quick comparison between different categories and an understanding of their relative significance in the total data set.
Let's consider an example:
Using the formula to calculate the chart percentage:
\[ \text{CP} = \left(\frac{50}{200}\right) \times 100 = 25 \% \]
This means that the chart percentage for this scenario is 25%.