\( 60 \% \) of \( \square=48,000 \)

To solve the equation \( 60\% \) of \( \square = 48,000 \), we first convert \( 60\% \) into a decimal, which is \( 0.6 \). Now, we can set up the equation as follows: \[ 0.6 \times \square = 48,000 \] To find \( \square \), we can divide \( 48,000 \) by \( 0.6 \): \[ \square = \frac{48,000}{0.6} = 80,000. \] So, the value of \( \square \) is \( 80,000 \). In everyday life, percentages like this are commonly used in budgeting and finance. When calculating discounts or tax rates, knowing how to find a portion (like `60%` here) helps make smarter financial choices. Imagine you're shopping and spot a 60% off sale. If an item costs £48,000, you’d save a whopping £28,800! When working with percentages, many people mistakenly multiply instead of dividing. Remember that when you see "X percent of Y," that means you should find the percentage of the whole by multiplying, or if you have the percentage result and want to find the whole, you must divide. Avoid common pitfalls like forgetting to convert percentages into decimals before performing calculations!