It’s no wonder you’re confused. Part of the problem is that finance people haven’t agreed on the proper calculation of convexity.
The most common formula is:
%ΔP = -duration × Δy + convexity × (Δy)²
In the reading on credit analysis , the formula they have is:
%ΔP = -duration × Δy + ½ × convexity × (Δy)²
The reason for the disagreement in the formulae is that some finance people think that the “½” should be part of the convexity number itself, and others don’t. That’s unfortunate, but we have to live with that. I wouldn’t think that it’s likely that you’ll be doing a duration/convexity calculation in a credit analysis question.
As for the formulae that multiply by 100, that should be “100%”; i.e., you’re multiplying by 1. Ignore the “100”.