Determining a percentage of a given number is a fundamental mathematical operation. In this specific instance, the task involves calculating fifteen percent of eighty thousand. This calculation is performed by converting the percentage into a decimal (0.15) and then multiplying this decimal by the total number (80,000). The result of this operation is the portion of the whole represented by the specified percentage.
Understanding how to calculate percentages of values holds significant practical importance across diverse fields. It is essential in financial analysis, allowing for the determination of profit margins, interest calculations, and investment returns. Furthermore, this calculation finds utility in statistical analysis, enabling the interpretation of data sets and the identification of proportional relationships. Historically, the ability to calculate percentages has been a cornerstone of commerce and economic planning.
