Calculating the percentage of money is a useful skill for budgeting, tipping, shopping discounts, investment returns, and financial planning. It helps you understand portions of a total amount in real-world money scenarios.
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🙋♀️ What is a Percentage of Money?
A percentage of money tells you how much a part of a total amount is, expressed in percent (%). For example, finding 20% of $50 tells you what portion of $50 equals 20%.
🧮 Formula to Calculate Percentage of Money
The basic formula is:
Percentage of Money = (Percentage × Total Amount) ÷ 100
Example:
What is 15% of $80?
→ (15 × 80) ÷ 100 = $12
💡 When to Use This
- Tipping at restaurants 🍽️
- Calculating sales tax or discounts 🛍️
- Figuring out returns on investments 📈
- Planning monthly savings goals 💰
- Comparing expenses and income 💳
🖼️ Infographic: How to Calculate Percentage of Money
Here’s a visual breakdown to help you understand it at a glance:
📋 Example
If you want to save 25% of your $1,200 paycheck:
→ (25 × 1200) ÷ 100 = $300
You’d set aside $300 for savings.
✅ Quick Tips
- Use this to plan savings and budgets
- Apply the formula to understand discounts and fees
- Switch between percentages and dollar values to compare options