I have 120 dollars, what is 8%of that?

In the given question it is already given that the total amount is $120. And the thing that needs to found is the 8% of the amount given.

Then

8% of of $120 = 120 * 8%

= 120 * (8/100)

= 960/100

= 96/10

= 9.6

This is the most simple way to get to the required answer. Whichever percentage you want can be found through the procedure shown above. So the correct answer to the given question is $9.6