What is 2% of 500?
Use our percentage calculator to easily find what 2 percent of 500 is. Calculate percentages fast with this simple percent calculator tool.
Result
10
2% of 500 = 10
Mathematical Formula
Detailed Explanation
Step 1: Understanding Percentages
2% means 2 parts out of 100. To convert a percentage to a decimal, we divide by 100: 2% = 0.02
Step 2: Multiplication
We multiply our number (500) by the decimal form of the percentage (0.02):
500 × 0.02 = 10
Step 3: Real-World Context
This means that 2% or 0.02 of 500 is 10. In other words, if you take 2% of 500, you get 10.
Common Use Cases
Discounts
When a $500 product has a 2% discount, you save $10 and pay $490.
Tips
If you want to leave a 2% tip on a $500 meal, you would leave $10 as the tip.
Taxes
When 2% sales tax is added to a $500 purchase, $10 is added for tax, making the total $510.
Proportions
If 2% of students in a class are boys and there are 500 students total, that means there are 10 boys.
Finance
If you invest $500 and earn 2% annual interest, you'll receive $10 in interest for the year.
Education
If a student answers 2% of questions correctly on a 500-question test, they answered 10 questions correctly.
Business
If 2% of your monthly revenue goes to operating expenses and you earn $500, you spend $10 on operations.
Healthcare
If a hospital reduces infections by 2% from 500 cases monthly, they now have only 490 cases per month.