The formula to calculate the Property Percentage is:
\[ PRP = \left( \frac{PO}{TP} \right) \times 100 \]
Where:
Property Percentage is the percentage of the total property area that is owned. It is calculated by dividing the area of the property owned by the total property area, then multiplying the result by 100. This metric is useful for understanding the portion of the total property that an individual or entity owns.
Let's assume the following values:
Using the formula:
\[ PRP = \left( \frac{500}{2000} \right) \times 100 = 25\% \]
The Property Percentage is 25%.