What is 120% of 500?
Calculate 120% of 500 with a complete step-by-step solution.
Answer:
120% of 500 = 600
Step-by-Step Solution
Step 1
Understand the Problem
We need to find 120% of 500.
The word "percent" means "per hundred" or "out of 100".
So 120% means 120 out of every 100.
Step 2
Convert Percentage to Decimal
To calculate with percentages, we first convert to a decimal.
Divide the percentage by 100:
120 ÷ 100 = 1.2
This means 120% = 1.2
Step 3
Multiply to Find the Result
Now multiply the decimal by the number:
1.2 × 500 = 600
So 120% of 500 = 600
Step 4
Alternative Method
You can also think of it as a fraction:
120% of 500 = (120/100) × 500
= (120 × 500) / 100
= 60000 / 100
= 600