Question

One penny is 1% of a dollar
$ 0.25 is 25% of a dollars . $1.25 is 12.5% dollars

Answer 1

$1.25 is NOT 12.5% dollars. It is 125% of a dollar.

Explanation:

We have 1 and 1/4 dollars. 1 and 1/4 as a percentage is 125%