Hello there. So let's start by understanding what percentile actually is. Percentile is a sort of percentage that is being calculated by keeping the topper in reference. When we calculate percentage we divide by total marks while in case of percentile we divide by the number gained by topper.
So as for 20 percentile system, it means that the students having top 20 % with respect to topper. And yes this system is in IIT only. But their is also another condition for IIT which is that you should have scored at least 75% in +2
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