[css] CSS: 100% font size - 100% of what?

According to ALL THE SPECS DATING BACK TO 1996, percentage values on font-size refer to the parent element's (computed) font-size.

<style>
div {
  font-size: 16px;
}
span {
  font-size: 75%;
}
</style>
<div><span>this font size is 12px!</span></div>

It's that easy.

What if the div declares a relative font-size, like ems, or even worse, another percentage?? See “computed” above. Whatever absolute unit the relative unit converts to.

The only question that remains is what happens when you use a percentage value on the root element, which has no parent:

html {
  font-size: 62.5%; /* 62.5% of what? */
}

In that case, see the “duplicate” of this question. TLDR: percentages on the root element refer to the browser default font size, which might be different per user.

References: