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People often say that percentages greater than 100 make no sense because you can't have more than all of something However, if your audience is international, you might prefer to say items costing less than x or items costing more than x simply to avoid any possibility of confusion. This is simply silly and mathematically ignorant

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A percentage is just a ratio between two numbers The less than x is idiomatically identical to under x when referring to monetary amounts, as is more than x with over x There are many situations where it is perfectly reasonable for the numerator of a fraction to be greater than the denominator.

The above ngram search would suggest that a one hundred has always been less frequently used in written language and as such should probably be avoided

Your other suggestion of by one hundred times is definitely better than a. Assuming it's not casual usage, i'd recommend all items over five pounds are excluded, instead Most style guided recommend spelling out numbers of ten or less, and in such a case i'd spell out the unit, too. 37 wikipedia lists large scale numbers here

20% of the students are/is present The remaining 20% of the protein form/forms enzymes Singular verb or plural — which one is correct? Does a percentage require a singular or plural verb, for example, do we say ten percent go or goes?

I couldn't find any use of the phrase earlier than the 1840 money diggers reference, but i did find some background to which the saying might refer

Here's a clip from the disturbing house of commons' minutes of evidence taken before committee on bill for prevention of cruelty to. Far more annoying is $100 million dollars Are we to take that as a hundred million dollar dollars One hundred dollars million dollars

Or just assume that whoever's writing something, may not actually know how to read? If soap a kills 100% and soap b kills 99.99% of bacteria, the remaining amount of bacteria after applying a (0%) is infinitely smaller than the remaining amount of bacteria after applying b (0.01%) Therefore a is much, much better You can see from these examples that 0.01% gap behaves differently across the percentage scale.

All of your variants are grammatically correct, and will be easily understood by native english speakers