How to Calculate Percentages

The three percentage questions — and the simple formula for each.

By Michael Bennett, Personal Finance & Tax Writer · Updated June 2026

To find X% of a number, divide X by 100 and multiply by the number. For example, 20% of 150 = 20 ÷ 100 × 150 = 30. That single idea — "per cent" means "per hundred" — solves almost every percentage problem you'll meet, from tips and sales tax to discounts and interest.

1. Percent of a number

Formula: (percent ÷ 100) × number.

Try any values in the percentage calculator — it shows the formula too.

2. What percent is X of Y?

Formula: (part ÷ whole) × 100.

Quick link: what percent is 30 of 200.

3. Percentage increase or decrease

Formula: (new − old) ÷ old × 100. A positive answer is an increase, negative is a decrease.

Handy mental-math tricks

Where you use percentages with money

Percentages run through every money decision: VAT and sales tax, interest (APR and APY), investment returns, and your effective tax rate. Master the three formulas above and the rest is just plugging in numbers.

Frequently asked questions

Open the percentage calculator →