Introduction
Are you struggling with a math problem and wondering what 60% of 500 is? In this article, we will guide you through the process of calculating percentages and show you how to arrive at the answer you need. Whether you are a student, a business owner or just someone who loves numbers, this article is for you.
What is a Percentage?
A percentage is a way of expressing a number as a fraction of 100. For example, if you have 60 out of 100 marbles, you can express this as 60%. Similarly, if you have 60 out of 500 marbles, you can express this as a percentage.
How to Calculate a Percentage
To calculate a percentage, you need to follow a simple formula: Percentage = (Part/Whole) x 100 In the case of our problem, we want to find out what percentage 60 is of 500. So, we can use the formula as follows: Percentage = (60/500) x 100 Percentage = 0.12 x 100 Percentage = 12 Therefore, 60 is 12% of 500.
How to Convert a Percentage to a Decimal
Sometimes you may need to convert a percentage to a decimal. To do this, you simply divide the percentage by 100. For example, if you have 25%, you can convert this to a decimal as follows: Decimal = 25/100 Decimal = 0.25
How to Convert a Decimal to a Percentage
Conversely, you may need to convert a decimal to a percentage. To do this, you simply multiply the decimal by 100. For example, if you have 0.75, you can convert this to a percentage as follows: Percentage = 0.75 x 100 Percentage = 75%
Real-life Applications of Percentages
Percentages are used in many aspects of our daily lives, from calculating discounts to determining tax rates. For example, if a store is offering a 20% discount on a $100 shirt, you can calculate the sale price as follows: Sale Price = Original Price – Discount Sale Price = $100 – (20/100 x $100) Sale Price = $80
Common Percentage Questions
Here are some common questions that involve percentages: 1. What is 20% of 50? Percentage = (20/100) x 50 Percentage = 10 Therefore, 20% of 50 is 10. 2. If a car costs $25,000 and the sales tax is 8%, what is the total cost? Sales Tax = (8/100) x $25,000 Sales Tax = $2,000 Total Cost = Original Price + Sales Tax Total Cost = $25,000 + $2,000 Total Cost = $27,000
Conclusion
Calculating percentages is a fundamental skill that is used in many areas of our lives. Whether you need to calculate a discount, determine tax rates or solve more complex problems, understanding percentages is essential. We hope that this article has provided you with a clear understanding of what percentages are and how to calculate them.