I would advocate to reading in depth about different alloys and their respective tensile and yield strengths. Compare and contrast.
For example; a 1040 alloy has a yield strength of 106,000 psi and a 120,000 psi tensile strength. (Shaft build dependent)
Compared to a 1541 alloy with a 164,000 psi yield strength and a 181,000 psi tensile strength. (Shaft build dependent)
The long way of explaining where the XX% comes from. I still have a lot of learning and reading to do myself. Someone please correct me if I am wrong.
@Jerry Bransford
Yield strength is the point in which metal (carbon in 1xxx cases) is permanently deformed.
Tensile strength is a measurement of how much stress a shaft (for example) can take until it reaches it’s breaking point.