Step-by-step arithmetic breakdown
To calculate 20% of 60, convert the percentage into a decimal by dividing by 100, then multiply by the whole amount:
1. Convert percentage to fraction: 20 / 100 = 0.2000
2. Multiply by base number: 0.2000 × 60
3. Exact result: 12
Everyday real-world applications
- Retail & Discounts: If a product priced at $60 is discounted by 20%, your savings equal $12.
- Tax & Tips: A 20% service tip on a $60 restaurant bill equals exactly $12.
- Financial Yields: An investment yielding 20% on a principal of $60 produces $12 in interest.