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Training Memo: Percent-to-Decimal Conversion Shortcut
You are training a new administrative assistant in the finance department who needs to enter discount rates into a company database. The database only accepts decimal values, but the source documents provide percentages (e.g., 15%, 7.5%, or 125%). Write a brief instructional memo for the assistant that outlines the standard three-step procedural shortcut for converting any percent value into its decimal equivalent without performing long division. Your guide must specifically describe where the decimal point is located in a whole-number percentage, the direction and number of places the decimal point must be moved, and the final adjustment required for the percent sign.
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