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what is 10 of $60

what is 10 of $60

less than a minute read 05-02-2025
what is 10 of $60

What is 10% of $60? A Simple Calculation Explained

Finding 10% of a number is a fundamental calculation used frequently in everyday life, from calculating sales tax to determining tips. This article will show you exactly how to calculate 10% of $60, and explain the underlying method so you can easily calculate percentages for other amounts.

Understanding Percentages

A percentage is a fraction of 100. 10% means 10 out of 100, or 10/100, which simplifies to 1/10. This means finding 10% of a number is the same as finding one-tenth of that number.

Calculating 10% of $60

There are two straightforward methods to calculate 10% of $60:

Method 1: Using the Decimal Equivalent

  • Convert the percentage to a decimal: 10% is equal to 0.10 (or simply 0.1).
  • Multiply the decimal by the amount: 0.1 * $60 = $6

Therefore, 10% of $60 is $\boxed{6}.

Method 2: Dividing by 10

Since 10% is one-tenth, another way to find 10% of a number is to divide it by 10.

  • Divide the amount by 10: $60 / 10 = $6

This method also gives us the answer: 10% of $60 is $\boxed{6}.

Practical Applications

Understanding how to calculate percentages like 10% is useful in many real-world situations:

  • Sales and Discounts: Many stores offer discounts as a percentage off the original price. Knowing how to calculate the discount can help you determine the final cost.
  • Tips and Gratuities: Calculating a tip in a restaurant often involves finding a percentage of the bill.
  • Taxes: Sales tax is usually expressed as a percentage of the purchase price.
  • Interest Rates: Understanding percentages is crucial when dealing with interest on loans or savings accounts.

Conclusion

Calculating 10% of $60, or any other number, is a simple process. By understanding the concept of percentages and using either the decimal method or the division method, you can easily perform this calculation and apply it to a variety of practical scenarios. Remember, 10% of $60 is $6.

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