Step-by-step arithmetic breakdown
To calculate 30% of 500, convert the percentage into a decimal by dividing by 100, then multiply by the whole amount:
1. Convert percentage to fraction: 30 / 100 = 0.3000
2. Multiply by base number: 0.3000 × 500
3. Exact result: 150
Everyday real-world applications
- Retail & Discounts: If a product priced at $500 is discounted by 30%, your savings equal $150.
- Tax & Tips: A 30% service tip on a $500 restaurant bill equals exactly $150.
- Financial Yields: An investment yielding 30% on a principal of $500 produces $150 in interest.