So, 120 is 15 percent of what number? Check out my Math Variety blog posts on how to solve percentage problems like this. You’ll find a step-by-step method on how to do these problems, practice problems, and solutions. Click on ads/links of interest.
http://mathvariety.blogspot.com/2009/04/percentage-problems.html
http://mathvariety.blogspot.com/2009/05/percentage-problems-practice-problems.html
http://mathvariety.blogspot.com/2009/05/percentage-problems-solutions-to.html
I also have an eHow article on this topic at
http://www.ehow.com/how_4816051_solve-percentage-problems.html if you want to read it.
Start with x/100=is/of. Here, x=15 (percent), is=120 ("120 is"), of=unknown ("of something/of what number"), so:
15/100=120/of
Cross multiply:
15*of=100*120
15*of=12,000
of=800 (answer)