diff --git a/topics/reference_guide/project_model/project.md b/topics/reference_guide/project_model/project.md
index c7ce15260..d98b4030a 100644
--- a/topics/reference_guide/project_model/project.md
+++ b/topics/reference_guide/project_model/project.md
@@ -12,11 +12,11 @@ Depending on the logical and functional requirements for the project, a single-m
 The IntelliJ Platform stores the project configuration data in XML files.
 The list of those files depends on the chosen [project format](https://www.jetbrains.com/help/idea/creating-and-managing-projects.html#project-formats).
 
-For file-based format projects (legacy), the information core to the project itself (e.g., location of the component modules, compiler settings, etc.) is stored in the `%project_name%.ipr` file.
-The information about modules the project includes is stored in `%module_name%.iml` files.
+For file-based format projects (legacy), the information core to the project itself (e.g., location of the component modules, compiler settings, etc.) is stored in the `$project_name$.ipr` file.
+The information about modules the project includes is stored in `$module_name$.iml` files.
 Module files are created for each module.
 
-For directory-based format projects, the project and workspace settings are stored in a number of XML files under the `%project_home_directory%/.idea` directory.
+For directory-based format projects, the project and workspace settings are stored in a number of XML files under the `$project_home_directory$/.idea` directory.
 Each XML file is responsible for its own set of settings and can be recognized by its name: `projectCodeStyle.xml`, `encodings.xml`, `vcs.xml` etc.
 As for the file-based format projects, `.iml` files describe modules.