 # Percentage Calculator

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Percentages help determine a portion of a whole. They serve a variety of purposes such as determining the growth of a business, estimating a home down payment, or even everyday activities such as visiting a salon.

While finding the percentage of a number may seem tedious, using our percentage calculator can prove to be a quick and easy way to get the correct number you need, every time.

If you want to have a better understanding of percentages and how to use them, take the first step by reviewing our frequently asked questions below.

## Why use a percentage calculator?

Using calculators has made the world extremely convenient, and using a calculator for percentages is no exception.

Taking advantage of a percent calculator can help put your mind at ease knowing that the number populated is correct, and you are able to use those numbers with confidence.

What's more is you will be saving a lot of time by being able to calculate percentages quickly and easily without having to fumble around with fractions and decimals.

With percentages being an integral part of our daily lives, it is very important to have the convenience of a percentage calculator readily available to use when you need it.

## What is a percentage?

A percentage is a way to articulate a portion of a whole amount. This is determined by using the number range of 0 to 100.

A whole is considered 100 and anything less is the percent of that. For example, 5 out of 10 is considered 50%.

### Significance

Percentages will help you keep track of how much of a whole has been used, will be taken, or is needed in virtually any situation.

It doesn't necessarily have to be about money. It can be about travel, food, surface area and more.

## How is percentage calculated?

Percentage can be calculated in a few different ways.

### Finding The Percentage

One method is by dividing the portion of the whole by the whole and multiplying by 100.

#### Example

Say you bought a pie and you ate two pieces out of eight equal slices. You would then divide two by eight and then multiply by 100. This would equate to 25. So you ate 25% of the pie.

= (2 / 8) x 100

= 0.25 x 100

= 25%

### The Value of a Percentage

Depending on how you are using the percentage, you can also use other formulas to find the numbers you need. This can include finding the value of a percentage.

This is done by turning the percent into a number and multiplying it into the whole number.

#### Example

Let's say you have a dream home in mind that costs \$100,000. Using percentages, it's easy to find out how much money use as a twenty percent down payment.

You'll take the price of the property and multiply it by 20% in decimal format. This equates to \$20,000, your required down payment.

= \$100,000 x 0.20

= \$20,000

## When do we use percentages?

You'd be surprised at how often we use percentages. They come in very handy in everyday life.

### Sales and Taxes

For example, percentages are often used when a large sale happens at a retail store. Have you ever tried to calculate the total cost of your bill when a sale marks certain things 25% off?

Percentages are also used in taxes. For instance, calculating how much you owe on the 1040EZ.

### Tipping

Another important way percentages are used are in tipping your service at a restaurant or salon. Calculating how much to tip your server or stylist requires you to determine the percent of your bill, be it 15% or more.

### Loans

You can also use percentages for financing purposes.

For example, if you are purchasing a car and in need of a car loan, you may hear a certain percentage being factored as your interest rate. If you purchase a car for \$30,000 and the interest rate is 10%, then you will owe an additional 10% on top of the \$30,000 loan you took out.

You may also hear percentages being used in a similar fashion for your home mortgage as well.