The vertex is the lowest point of the parabola open up, while the same point of vertex is the highest point of the parabola open downward.
The vertex as a minimum and maximum value is being point out in the attached picture.
For a quadratic equation like y = 3x^2 +12x -12 --------------- (1)
Where a = 3 and b = 12.
-b/2a gives the x-coordinate of the vertex. Hence putting values;
-12 / 2(3) = -12 / 6 = -2
Now putting x = -2 in equation (1);
y = 3(-2)^2 + 12(-2) -12
y = -24
Hence (-2,-24) is the required vertex of the parabola represented by the quadratic equation above.