Explanation:
"Percent" or "%" means "out of 100" or "per 100", Therefore 16% can be written as 16100.
When dealing with percents the word "of" means "times" or "to multiply".
Finally, lets call the number we are looking for "n".
Putting this altogether we can write this equation and solve for n while keeping the equation balanced:
24=16100×n
10016×24=10016×16100×n
240016=n
150=n
n=150
24 is 16% of 15