No.
By definition, 20% is equal to 0.2.
Multiplying a number by 0.2 is not equal to dividing it by four.
Finding 25% of a number is equal to dividing that number by 4.
Finding 20% of a number is equal to dividing that number by 5.
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Twenty-four is 120% percent of what number?
0.20
Twenty percent of sixty is twelve. This is because you can find twenty percent of a number by multiplying it by 0.20, which in this case gives you twelve.
1% of 20 is 0.20 (twenty hundredths). The term "percent" means "per hundred" -- 1% is equivalent to 0.01, so finding 1% of a number is multiplying it by 0.01.
40 of course