Calculating a percentage of a given number is a fundamental mathematical operation. In this instance, the objective is to determine the value that represents three percent of seventy-five thousand. This calculation involves converting the percentage into a decimal and then multiplying it by the original number. As an example, the process would involve converting 3% to 0.03 and then multiplying 0.03 by 75,000.
Understanding how to calculate percentages is essential across various fields, including finance, statistics, and everyday life. It allows for the analysis of proportions, growth rates, and discounts. Historically, the use of percentages has been a cornerstone of commerce and data interpretation, enabling standardized comparisons and informed decision-making. The ability to quickly and accurately compute these values is a valuable skill.