Calculating a percentage of a number involves determining a proportionate value. In this instance, the objective is to find the numerical value that represents 59% of 558. This is achieved by multiplying 558 by 0.59 (the decimal equivalent of 59%). The result yields the specific portion of 558 that equates to 59%.
Understanding percentage calculations is fundamental in various fields, from financial analysis and statistical reporting to everyday applications like calculating discounts or understanding proportions. A precise calculation is crucial for accurate budgeting, informed decision-making, and effective communication of proportional relationships. The historical development of percentages reflects the need for standardized methods of quantifying and comparing ratios, aiding commerce and scientific analysis throughout history.