Answer:
ITS 24%
Explanation:
To rephrase this problem: 120 is what percent of 500.
Let's call the percent we are looking for
p
. Then we can say:
p
of 500 = 120 or
p × 500 = 120
Solving for
p
while keeping the equation balanced gives:
p × 500
500 = 120
500 p = 0.24 or
24 %