What is 75 Percent of 124?

What is 75 Percent of 124?

Calculating percentages is a common task in mathematics, used in various real-life applications such as determining discounts, interest rates, and data analysis.

A percentage represents a fraction of 100. For example, 75% means 75 out of 100 parts.

Percentages are used to express proportions, compare quantities, and analyze data.

To find a percentage of a number, multiply the number by the percentage (as a decimal).

The formula is

Percentage of a Number = (Percentage/100) x Number

Convert 75% to a decimal

75/100 = 0.75

Then, 0.75 x 124 = 93

Basics of Percentages

Percentages are a fundamental concept in mathematics that are widely used in various aspects of daily life. They provide a way to express proportions and make it easier to compare different quantities. A percentage is a number or ratio expressed as a fraction of 100. For example, 75% means 75 out of 100 parts. Percentages are usually denoted by the symbol %. They are a convenient way to compare fractions and ratios.

Common Uses of Percentages:

• Percentages are used to calculate interest rates, discounts, and taxes. They help in understanding profit margins and investment returns.
• In statistics, percentages are used to represent data, making it easier to compare different sets of information. For example, survey results are often shown in percentages to indicate the proportion of respondents with certain opinions.
• Percentages are used in everyday situations, such as determining the discount on a sale item, calculating tips in restaurants, and understanding nutritional information on food labels.

Advantages of Using Percentages:

• Percentages simplify complex calculations and make it easier to understand proportions and relationships between different quantities.
• They allow for easy comparison between different values, regardless of the actual sizes of the numbers involved. For instance, comparing 20% of one quantity with 50% of another gives a clear idea of the relative sizes.

Importance:

• Learning how to calculate and use percentages is a practical skill that students will use throughout their lives in various contexts.
• Banks often use percentages to describe interest rates on savings accounts and loans, helping customers understand how much they will earn or owe.
• Understanding percentages is crucial for learning more advanced mathematical concepts, such as probability and algebra.