Quartile is a term in statistics that divides a given set of data into four defined intervals. In simple words, we can say that a quartile divides a set of data in a number line in 4 equal intervals. While finding quartiles, it is important that we arrange the data in the ascending order as there may be chances that numbers in a given data are placed randomly. We use the concepts of deciles, percentiles, quartiles, etc in the world of finance as well as in education.

Things that should be kept in mind while solving for benchmarking percents in quartiles doubt line line are discussed below.