History of the percent sign - by Yen Lin
HISTORY OF THE PERCENT SIGN
The percent sign (%) is the symbol used to indicate a percentage (that the
preceding number is divided by one hundred).
Related signs include the permille (per thousand) sign and
the permyriad (per ten thousand) sign (also known as a basis point),
which indicate that a number is divided by one thousand or ten thousand
respectively. Higher proportions use parts-per notation.
Evolution
Prior to 1425 there is no evidence of a special symbol being used for
percentage. The Italian term per cento, "for a hundred", was used as well as
several different abbreviations (e.g. "per 100", "p 100", "p cento", etc.).
Examples of this can be seen in the 1339 arithmetic text depicted below.The
letter p with its shaft crossed by a horizontal or diagonal strike
conventionally stood for per, por, par, or pur in Medieval and
Renaissance paleography.
At some point a scribe of some sort used the abbreviation "pc" with a tiny
loop or circle (depicting the ending -o used in Italian numeration for primo,
secondo,etc.) This appears in some additional pages of a 1425 text which
were probably added around 1435. This is shown below.
The "pc" with a loop eventually evolved into a horizontal fraction sign by
1650 and thereafter lost the "per".