What is 20% of $500?
Learn how to calculate 20% of $500 with our step-by-step guide and real-world US examples
Quick Answer
20% of $500 equals $100. To calculate this, we convert the percentage to a decimal (20 ÷ 100 = 0.2000) and multiply it by $500.
Visual Representation
The chart shows how $100 relates to the total $$500
Step-by-Step Calculation
- 1Convert the percentage to a decimal by dividing by 100: 20 ÷ 100 = 0.2000
- 2Multiply the decimal by the number: 0.2000 × 500 = 100.00
- 3Therefore, 20% of 500 is 100.00
Real-Life Examples
Shopping & Discounts: If a $500 item has a 20% discount, you save $100.00, paying $400.00.
Black Friday Sale: During Black Friday, a $500 product with 20% off costs $400.00 instead.
Tax Calculation: A 20% sales tax on $500 adds $100.00 to your bill, totaling $600.00.
Restaurant Tips: A 20% tip on a $500 bill is $100.00.
Understanding the Formula
The general formula for calculating what a percentage of a dollar amount equals is:
In this case, we're calculating 20% of $500:
- First, divide the percentage by 100: 20 ÷ 100 = 0.2000
- Then, multiply by the amount: 0.2000 × $500 = $100
This formula works for any percentage calculation. You can use our calculator above to try different values.
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