What is 10% of 500?

Answer: 10% of 500 is 50.

To calculate 10% of 500, you multiply 500 by the decimal equivalent of 10%. Since 10% is the same as 10 out of 100, it can be written as 0.10 in decimal form. The calculation is as follows:

500 × 0.10 = 50

This calculation is a basic yet essential aspect of understanding percentages, which are a fundamental part of everyday mathematics. Percentages are widely used in various contexts, such as calculating discounts, understanding statistics, and determining proportions in recipes, finance, and science. For instance, if a store offers a 10% discount on an item priced at $500, the discount amount would be 10% of $500, which is $50. Thus, the sale price of the item would be $500 – $50 = $450. The ability to calculate percentages is not only crucial for academic purposes but also for practical, everyday decision-making. It helps in budgeting, shopping, and in understanding various financial transactions.