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1% is equal to 100 basis point. 44.5 percent is how many basis points greater than 34.5 percent?
  1. .1
  2. 10
  3. 100
  4. 1,000
  5. 10,000
Explanation
Answer: D - 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.
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