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The number of applicants for an entrance exam surely affects your percentile. Actually percentile shows that How many people have you defeated. If your score is 92 percentile, it shows that your score is after 8% of applicants. So if there are 10 lac applicants, suppose in JEE mains this year, then 8% of 10 lacs, that is 80,000 students have scored better than you. So your rank is around 80k.
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