what is 10 of $20

Charlotte

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11-02-2025

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What is 10% of $20? A Simple Percentage Calculation

Finding 10% of $20 is a straightforward calculation with several approaches. This article will walk you through different methods, making it easy to understand and apply to similar percentage problems. Understanding percentages is crucial in various aspects of life, from calculating discounts to understanding financial statements.

Understanding Percentages

Before we dive into the calculation, let's quickly refresh what a percentage means. A percentage is a fraction or ratio expressed as a number out of 100. So, 10% means 10 out of 100, or 10/100, which simplifies to 1/10.

Method 1: Using the Decimal Equivalent

The easiest way to calculate 10% of $20 is to convert the percentage to its decimal equivalent. To do this, divide the percentage by 100:

10% ÷ 100 = 0.10

Now, multiply this decimal by the original amount:

0.10 x $20 = $2

Therefore, 10% of $20 is $\boxed{2}.

Method 2: Using Fractions

As mentioned earlier, 10% is equivalent to the fraction 1/10. We can use this fraction to calculate 10% of $20:

($20) x (1/10) = $20/10 = $2

This method confirms that 10% of $20 is indeed $\boxed{2}.

Method 3: Finding 10% and Multiplying

Since 10% represents one-tenth, we can find 10% of $20 by simply dividing $20 by 10:

$20 ÷ 10 = $2

This directly gives us the answer: 10% of $20 is $\boxed{2}.

Real-World Applications

Understanding percentage calculations like this one is useful in many everyday situations:

• Sales Tax: Calculating sales tax on a purchase.
• Discounts: Determining the discount amount on sale items.
• Tips: Calculating a tip at a restaurant.
• Investments: Understanding returns on investments.

Conclusion

Calculating 10% of $20 is a simple yet fundamental percentage problem. Using any of the three methods described above, we consistently find that 10% of $20 equals $2. Mastering these basic percentage calculations will help you confidently tackle more complex percentage problems in the future. Remember that understanding percentages is a valuable skill for navigating various aspects of daily life and finance.