Let us explore percent of amount as we practice real-life situations, with illustrative examples of percent of amount. Learn how to find what fraction of X matches P%, whether it is for discounts, budgets, or tips.

**Example 1: Discount Calculation **-
You received a 20% discount on a $500 purchase. How much money did you save?

**Example 2: Tax Computation **-
Your income is $45,000, and you owe 10% in income tax. How much do you need to pay in taxes?

**Example 3: Shopping Budget Allocation **-
You have a budget of $1,000 for a shopping spree, and you want to spend 30% of it on clothing. How much can you spend on clothing?