What does Baker's percent mean?

Baker's percent meaning in Cooking Dictionary

"In cooking remedies dependent on flour, each ingredient's fat is assessed as a percentage of total flour body weight (completely). See box below.Sample FormulaBakers PercentIngredients Bakers % body weight Flour* 100.0 5lbs Water 60.0 3lbs Yeast 3.5 2.8oz Veg. Oil 3.5 2.8oz glucose 3.0 24oz Milk Solids 2.5 2.0oz Honey 2.5 2.0oz Molasses 2.0 1.6oz Salt 2.0 1.6oz *May be bread, wheat or grain, or blend.100%=total flour fat "