Determining a percentage of a whole number is a fundamental mathematical operation. In the instance of calculating 60% of 1200, the procedure involves multiplying the whole number by the decimal equivalent of the percentage. This decimal equivalent is obtained by dividing the percentage by 100. Therefore, 60% of 1200 is calculated by multiplying 1200 by 0.60, resulting in a value of 720.
The ability to calculate percentages is critical in various real-world applications. These applications span across finance, where it is used to determine interest rates, discounts, and profit margins; statistics, for data analysis and interpretation; and everyday situations, such as calculating tips or understanding sale prices. Understanding this calculation enables individuals and organizations to make informed decisions and effectively manage resources.
