Understanding Percentages: What Does 20% of $50.00 Mean?

In the realm of basic mathematics, percentages play a crucial role in various everyday scenarios, ranging from shopping discounts to calculating tips at restaurants. One common question that often arises is, "What is 20% of $50.00?" In this article, we'll delve into the concept of percentages, explain how to calculate 20% of $50.00, and provide practical examples to enhance your understanding.