Fifteen percent of forty-five dollars represents a portion of the total amount. This calculation determines the value equivalent to 15/100 of the stated sum. For example, if an item priced at $45.00 is offered with a 15% discount, this computation reveals the monetary value of the reduction.
Understanding how to calculate such percentages is crucial in various financial contexts. It is useful for determining sale prices, calculating taxes, and understanding investment returns. Historically, percentage calculations have been fundamental in commerce and economics, enabling standardized comparisons and facilitating financial planning.
