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Percent error is used when you are comparing your result to a known  or accepted value. It is the absolute value of the difference of  the values divided by the accepted valâ¦ue, and written as a  percentage. Percent error is equal to the difference divided by the  known times 100 percent.
When you calculate results that are aiming for known values, the percent error formula is useful tool for determining the precision of your calculations. The experimental value is your calculated value, and the theoretical value is your known value. A percentage very close to zero means you are very close to your targeted value, which is good. It is always necessary to understand the cause of the error, such as whether it is due to the imprecision of your equipment, your own estimations, or a mistake in your experiment.