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Understanding Percentages
Before we dive into finding out what 20 of $200 is, let’s first understand percentages. Percentages are a way of expressing a proportion or a fraction out of 100. For example, 50% means half of something, or 50 out of 100.
Calculating Percentages
To calculate a percentage, you need to divide the part by the whole and then multiply by 100. For example, if you want to find out what percentage of 200 is 20, you would divide 20 by 200 and then multiply by 100. The answer is 10%.
What is 20 of $200?
Now that we understand percentages, let’s answer the question at hand. What is 20 of $200? To find out the answer, we need to calculate 20% of $200.
The Calculation
To calculate 20% of $200, we need to first convert 20% to a decimal. To do this, we divide 20 by 100, which gives us 0.2. We then multiply 0.2 by $200, which gives us $40.
The Answer
Therefore, 20 of $200 is $40. This means that if something costs $200 and there is a 20% discount, the discounted price would be $160 ($200 – $40).
Why is it Important to Understand Percentages?
Understanding percentages is important in many aspects of life. For example, when shopping, we often come across discounts or sales, and knowing how to calculate percentages can help us determine the actual price of an item after the discount.
Business and Finance
In business and finance, percentages are used to calculate interest rates, profit margins, and inflation rates. Understanding percentages can help individuals make informed decisions when it comes to investing or borrowing money.
Health and Fitness
Percentages are also used in health and fitness to track progress. For example, if someone wants to lose weight, they can set a goal to lose a certain percentage of their body weight. Tracking progress in percentages can help them stay motivated and on track.
Conclusion
In conclusion, understanding percentages is important in many aspects of life. To find out what 20 of $200 is, we need to calculate 20% of $200, which is $40. Knowing how to calculate percentages can help us make informed decisions and track progress in various areas of life.
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