what is 25 of $250

Natashya

less than a minute read

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25-12-2024

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Finding a percentage of a number is a common task in everyday life, from calculating sales tax to determining tips. This article will clearly explain how to calculate 25% of $250. We'll cover the method, show the calculation, and provide some helpful context.

Understanding Percentages

A percentage is a fraction of 100. 25% means 25 out of 100, or 25/100. This can be simplified to 1/4. So, finding 25% of a number is the same as finding one-quarter of that number.

Calculating 25% of $250

There are two main ways to calculate 25% of $250:

Method 1: Using Decimal Conversion

• Convert the percentage to a decimal: Divide the percentage by 100. 25% / 100 = 0.25
• Multiply the decimal by the number: 0.25 * $250 = $62.50

Therefore, 25% of $250 is $\boxed{62.50}.

Method 2: Using Fractions

• Convert the percentage to a fraction: As mentioned earlier, 25% is equal to 1/4.
• Multiply the fraction by the number: (1/4) * $250 = $62.50

Again, we arrive at the answer: 25% of $250 is $\boxed{62.50}.

Real-World Applications

Understanding percentage calculations is crucial for many situations:

• Sales and discounts: Many stores offer discounts as a percentage. Knowing how to calculate the discount helps you determine the final price.
• Taxes: Sales tax is typically calculated as a percentage of the purchase price.
• Tips: Restaurant tips are often calculated as a percentage of the bill.
• Interest rates: Interest earned on savings accounts or paid on loans is expressed as a percentage.
• Financial planning: Percentage calculations are essential for budgeting, investment analysis, and understanding financial statements.

Conclusion

Calculating 25% of $250 is straightforward using either decimal conversion or the fractional method. Both methods yield the same result: $62.50. Mastering percentage calculations will empower you to tackle many everyday financial and mathematical problems confidently. Remember, understanding the underlying concepts of percentages is key to accurate and efficient calculations.