what is 3 of $300

Natashya

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26-12-2024

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What is 3% of $300? A Simple Calculation Explained

Finding a percentage of a number is a common task in many areas of life, from calculating sales tax to determining tips. This article will clearly explain how to calculate 3% of $300, and provide some context for understanding percentage calculations in general.

Understanding Percentages

A percentage is a fraction expressed as a number out of 100. For example, 3% means 3 out of every 100. To calculate a percentage of a number, we can use a simple formula.

Calculating 3% of $300

There are two main ways to calculate 3% of $300:

Method 1: Using the Decimal Equivalent

1. Convert the percentage to a decimal: To do this, divide the percentage by 100. 3% divided by 100 is 0.03.

2. Multiply the decimal by the number: Multiply 0.03 by $300. This gives you $9.

Therefore, 3% of $300 is $\boxed{9}.

Method 2: Using Fractions

1. Convert the percentage to a fraction: 3% can be written as the fraction 3/100.

2. Multiply the fraction by the number: Multiply 3/100 by $300. This simplifies to (3 * $300) / 100 = $900 / 100 = $9.

Again, we find that 3% of $300 is $\boxed{9}.

Real-World Applications

Understanding how to calculate percentages is crucial in various situations:

• Sales Tax: Many places charge sales tax on purchases. Knowing how to calculate the tax amount helps you budget accordingly.

• Tips: Calculating a tip at a restaurant often involves finding a percentage of the bill.

• Discounts: Sales and discounts are frequently advertised as percentages off the original price.

Conclusion

Calculating 3% of $300 is a straightforward process that yields a result of $9. Mastering percentage calculations empowers you to handle various financial and everyday scenarios with ease. Remember the simple methods outlined above, and you'll be well-equipped to tackle similar percentage problems in the future.