Step-by-step arithmetic breakdown
To calculate 12% of 1500, convert the percentage into a decimal by dividing by 100, then multiply by the whole amount:
1. Convert percentage to fraction: 12 / 100 = 0.1200
2. Multiply by base number: 0.1200 × 1500
3. Exact result: 180
Everyday real-world applications
- Retail & Discounts: If a product priced at $1500 is discounted by 12%, your savings equal $180.
- Tax & Tips: A 12% service tip on a $1500 restaurant bill equals exactly $180.
- Financial Yields: An investment yielding 12% on a principal of $1500 produces $180 in interest.