diff --git a/exploration/percent-format.md b/exploration/percent-format.md
index 4dc958a816..49930b4f39 100644
--- a/exploration/percent-format.md
+++ b/exploration/percent-format.md
@@ -1,6 +1,6 @@
 # Formatting Percent Values
 
-Status: **Proposed**
+Status: **Accepted**
 
 <details>
 	<summary>Metadata</summary>
@@ -11,7 +11,8 @@ Status: **Proposed**
 		<dt>First proposed</dt>
 		<dd>2025-04-07</dd>
 		<dt>Pull Requests</dt>
-		<dd>#1068</dd>
+		<dd><a href="https://github.com/unicode-org/message-format-wg/pull/1068">#1068</a></dd>
+		<dd><a href="https://github.com/unicode-org/message-format-wg/pull/1094">#1094</a></dd>
 	</dl>
 </details>
 
@@ -134,9 +135,12 @@ _What prior decisions and existing conditions limit the possible design?_
 
 ## Proposed Design
 
-_Describe the proposed solution. Consider syntax, formatting, errors, registry, tooling, interchange._
+Add a new, dedicated `:percent` function,
+which scales the _resolved value_ of its _operand_ by 100.
 
-TBD
+This design could allow a function such as `:unit unit=percent` 
+for formatting values without scaling
+when the working group tackles units.
 
 ## Alternatives Considered
 
diff --git a/spec/functions/README.md b/spec/functions/README.md
index f250306f95..126a8606cb 100644
--- a/spec/functions/README.md
+++ b/spec/functions/README.md
@@ -9,6 +9,7 @@
    1. [`:integer`](number.md#the-integer-function)
    1. [`:offset`](number.md#the-offset-function)
    1. [`:currency`](number.md#the-currency-function)
+   1. [`:percent`](number.md#the-percent-function)
    1. [`:unit`](number.md#the-unit-function)
 1. [Date and Time Value Formatting](datetime.md)
    1. [`:datetime`](datetime.md#the-datetime-function)
diff --git a/spec/functions/number.md b/spec/functions/number.md
index e2a7404e02..4504d572f9 100644
--- a/spec/functions/number.md
+++ b/spec/functions/number.md
@@ -413,6 +413,124 @@ contains an implementation-defined currency value
 of the _operand_ of the annotated _expression_,
 together with the resolved options' values.
 
+#### The `:percent` function
+
+> [!IMPORTANT]
+> The _function_ `:percent` has a status of **Draft**.
+> It is proposed for inclusion in a future release of this specification and is not Stable.
+
+The function `:percent` is a selector and formatter for percent values.
+
+##### `:percent` Operands
+
+The function `:percent` requires a _numeric operand_ as its _operand_.
+
+When either selecting or formatting the _expression_,
+the numeric value of the _operand_ is multiplied by 100.
+
+##### `:percent` Options
+
+Some options do not have default values defined in this specification.
+The defaults for these options are implementation-dependent.
+In general, the default values for such options depend on the locale,
+the value of other options, or both.
+
+> [!NOTE]
+> The names of _options_ and their _option values_ were derived from the
+> [options](https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Intl/NumberFormat/NumberFormat#options)
+> in JavaScript's `Intl.NumberFormat`.
+
+The following _options_ are REQUIRED to be available on the function `:percent`:
+
+- `signDisplay`
+  - `auto` (default)
+  - `always`
+  - `exceptZero`
+  - `negative`
+  - `never`
+- `useGrouping`
+  - `auto` (default)
+  - `always`
+  - `never`
+  - `min2`
+- `minimumFractionDigits`
+  - _digit size option_, default: `0`
+- `maximumFractionDigits`
+  - _digit size option_, default: `0`
+- `minimumSignificantDigits`
+  - _digit size option_
+- `maximumSignificantDigits`
+  - _digit size option_
+- `trailingZeroDisplay`
+  - `auto` (default)
+  - `stripIfInteger`
+- `roundingPriority`
+  - `auto` (default)
+  - `morePrecision`
+  - `lessPrecision`
+- `roundingMode`
+  - `ceil`
+  - `floor`
+  - `expand`
+  - `trunc`
+  - `halfCeil`
+  - `halfFloor`
+  - `halfExpand` (default)
+  - `halfTrunc`
+  - `halfEven`
+
+The numeric value of the _operand_ is multiplied by 100
+at the start of formatting or selection.
+Each _option_ is applied to the formatted (or selected) value
+rather than the unaltered value of the _operand_.
+
+> For example, this _placeholder_:
+>
+> ```
+> {0.1234 :percent maximumFractionDigits=1}
+> ```
+>
+> might be formatted as "12.3%" in an English locale.
+
+If the _operand_ of the _expression_ is an implementation-defined type,
+such as the _resolved value_ of an _expression_ with a `:number` or `:integer` _annotation_,
+it can include option values.
+In general, these are included in the resolved option values of the _expression_,
+with _options_ on the _expression_ taking priority over any options of the _operand_.
+Options with the following names are however discarded if included in the _operand_:
+
+- `minimumIntegerDigits`
+- `roundingIncrement`
+- `select`
+
+##### `:percent` Resolved Value
+
+The _resolved value_ of an _expression_ with a `:percent` _function_
+contains an implementation-defined numerical value
+of the _operand_ of the annotated _expression_
+together with the resolved options' values.
+The numerical value of the _resolved value_ of the _expression_
+is the same as the numerical value of its _operand_;
+it is not multiplied by 100.
+
+##### Selection with `:percent`
+
+The _function_ `:percent` performs selection as described in [Number Selection](#number-selection) below.
+This selection always uses the `plural` selection mode,
+and is performed on the numerical value of the _operand_
+multiplied by 100.
+
+> For example, this _message_:
+> ```
+> .local $pct = {1 :percent}
+> .match $pct
+> 1   {{Would match with 0.01 as the operand}}
+> 100 {{Matches 💯}}
+> *   {{Otherwise}}
+> ```
+>
+> would be formatted as "Matches 💯".
+
 #### The `:unit` function
 
 > [!IMPORTANT]
diff --git a/test/README.md b/test/README.md
index f936abf59f..352795f964 100644
--- a/test/README.md
+++ b/test/README.md
@@ -12,6 +12,7 @@ These test files are intended to be useful for testing multiple different _messa
 > If your implementation uses UTF-16 based strings (such as JavaScript `String` or Java `java.lang.String`)
 > or otherwise allows unpaired surrogates in text or literals, you will need to implement tests equivalent
 > to the following for syntax errors:
+>
 > ```json
 > {
 >   "locale": "en-US",
@@ -72,11 +73,12 @@ Tests for such features have a `tags` array attached to them
 to mark the features that they rely on.
 This may include one or more of the following:
 
-| Tag        | Feature                                               |
-| ---------- | ----------------------------------------------------- |
-| `u:dir`    | The [u:dir](../spec/u-namespace.md#udir) option       |
-| `u:id`     | The [u:id](../spec/u-namespace.md#uid) option         |
-| `u:locale` | The [u:locale](../spec/u-namespace.md#ulocale) option |
+| Tag        | Feature                                                                   |
+| ---------- | ------------------------------------------------------------------------- |
+| `:percent` | The [:percent](../spec/functions/number.md#the-percent-function) function |
+| `u:dir`    | The [u:dir](../spec/u-namespace.md#udir) option                           |
+| `u:id`     | The [u:id](../spec/u-namespace.md#uid) option                             |
+| `u:locale` | The [u:locale](../spec/u-namespace.md#ulocale) option                     |
 
 ## Test Functions
 
@@ -199,8 +201,9 @@ emit a _Bad Option_ error.
 > Actual functions in your implementation might emit
 > an implementation-defined or platform-specific runtime error or exception
 > when the function handler is called.
-> Your implementation might thus produce a _Message Function Error_ 
+> Your implementation might thus produce a _Message Function Error_
 > not provided with a label in the JSON Schema of this test suite.
+
 ### `:test:select`
 
 This _function_ accepts the same _operands_ and _options_,
diff --git a/test/schemas/v0/tests.schema.json b/test/schemas/v0/tests.schema.json
index d0215dae33..11a0d8ca2f 100644
--- a/test/schemas/v0/tests.schema.json
+++ b/test/schemas/v0/tests.schema.json
@@ -204,6 +204,7 @@
       "type": "array",
       "items": {
         "enum": [
+          ":percent",
           "u:dir",
           "u:id",
           "u:locale"
diff --git a/test/tests/functions/percent.json b/test/tests/functions/percent.json
new file mode 100644
index 0000000000..69b91d7c98
--- /dev/null
+++ b/test/tests/functions/percent.json
@@ -0,0 +1,45 @@
+{
+  "$schema": "../../schemas/v0/tests.schema.json",
+  "scenario": "Percent function",
+  "description": "The built-in formatter and selector for percent values.",
+  "defaultTestProperties": {
+    "tags": [":percent"],
+    "bidiIsolation": "none",
+    "locale": "en-US",
+    "expErrors": []
+  },
+  "tests": [
+    {
+      "src": "{:percent}",
+      "expErrors": [{ "type": "bad-operand" }],
+      "exp": "{:percent}"
+    },
+    {
+      "src": "{foo :percent}",
+      "expErrors": [{ "type": "bad-operand" }],
+      "exp": "{|foo|}"
+    },
+    { "src": "{1 :percent}" },
+    { "src": ".local $n = {0.42 :number} {{{$n :percent}}}" },
+    { "src": ".local $n = {42 :integer} {{{$n :percent}}}" },
+    { "src": ".local $n = {0.01 :percent} {{{$n :percent}}}" },
+    { "src": "{0.12345678 :percent}" },
+    { "src": "{0.12345678 :percent maximumFractionDigits=1}" },
+    { "src": "{0.12 :percent minimumFractionDigits=1}" },
+    { "src": "{0.12 :percent minimumSignificantDigits=1}" },
+    {
+      "src": "{$x :percent}",
+      "params": [{ "name": "x", "value": 0.99 }]
+    },
+    {
+      "src": ".input {$n :percent} .match $n one {{one}} * {{other}}",
+      "params": [{ "name": "n", "value": 0.01 }],
+      "exp": "one"
+    },
+    {
+      "src": ".input {$n :percent} .match $n one {{one}} * {{other}}",
+      "params": [{ "name": "n", "value": 1 }],
+      "exp": "other"
+    }
+  ]
+}