What is 10% of 60?

Concept of Percentage

A number or ratio that can be expressed as a fraction of 100 is known as a percentage in mathematics. To calculate a percentage of a number, divide it by the whole and then multiply the result by 100. As a result, a percentage means a portion out of 100. The term 'per cent' signifies a part of 100. Percentages are dimensionless numbers as they do not have units.

For example, grades earned in any subject are often measured in terms of academic percentages. Let's consider a student, who scored 78% on his or her final test. This percentage is calculated based on the student's overall grade point average (GPA) across all subjects.".

Formula of Percentage

To calculate the percentage, we need to divide the part (value) by the whole (total value) and then multiply the result by 100.

The formula for percentages is: (Value/Total value) * 100

For example, if we need to find what percentage of 5 is 1, we can use the following calculation:

(1/5) * 100 = 0.2 * 100 = 20%

Hence, 20% of 5 is 1.

What is 10% of 60?

The number 60 indicates the total, and we want to find 10% of it. We must first convert 10% to a decimal or fraction to get the answer. By dividing a percentage by 100, it may be stated as a fraction. In this situation, ten divided by 100 yields the fraction 10/100, or 0.1.

Now that we have 0.1 as our decimal representation of 10%, we can multiply that by 60 to get the answer. We get six by multiplying 0.1 by 60. As a result, 10% of 60 equals 6.

10% of 60 = 10/100*60 = 6

It's crucial to remember that this formula is simply one of several ways to get a number's 10%. Several strategies can provide the same outcome. For instance, to calculate the percentage, we may divide 60 by 10. 60 divided by 10 gives us 6, demonstrating that 10% of 60 equals 6.

Practical Application of Percentage

1. Shopping discounts: During shopping, percentages are frequently calculated. Calculating 10% of the original price will allow you to easily ascertain the reduced price if an item is 10% discount is available on that item. For instance, if a product's initial price is $60, a 10% reduction would be $6, making the final price $54 instead of $60.
2. Calculating the tip: It is common to leave a gratuity for the service received when dining at a restaurant. If you wish to leave a 10% tip on a $60 bill, you can calculate it by multiplying $60 by 10% (which is $6). Adding this amount to the original bill, your final payment would be $66.
3. Calculating taxes: Calculating taxes requires the use of percentages as well. If the tax rate, for instance, is 10% and you need to figure out the tax on a $60 transaction, you would multiply 10% (0.1) by $60, which would give you a tax amount of $6. You can calculate the final cost, which in this example would be $66, by adding the tax amount to the initial purchase price.
4. Interest Rates: In the world of finance, percentages are quite important. Indicating interest rates on loans, mortgages, and savings accounts is typically done using percentages. Individuals may make well-informed choices regarding borrowing or investing money by being aware of these percentages. For example, if you have a savings account with an annual interest rate of 10% and deposit $60, your account balance will increase by 10% of $60, which is $6.

Conclusion

In conclusion, the query "What is 10% of 60" offers us a chance to investigate the idea of percentages and their practical uses. Knowing how percentages relate to fractions and decimals, we can quickly compute percentages and use this information in situations like shopping discounts, tip computations, tax determinations, and interest rate evaluations. Accurate percentage calculations are a crucial skill that enables us in various real-world circumstances, such as figuring out an item's reduced price, giving a fine tip at a restaurant, or making wise financial decisions.