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What is 5% of 275000?

Understand the Problem

The question is asking to find what 5% of 275,000 is. This implies a calculation where we need to take 5 percent of the given number.

Answer

$13,750$
Answer for screen readers

The answer is $13,750$.

Steps to Solve

  1. Convert Percentage to Decimal

To find 5% of a number, we first convert the percentage into decimal form.

To convert 5% into a decimal, we divide by 100: $$ 5% = \frac{5}{100} = 0.05 $$

  1. Multiply by the Given Number

Now, we multiply the decimal form of the percentage by the number we want to find the percentage of, which is 275,000.

So, we perform the calculation: $$ 0.05 \times 275,000 $$

  1. Calculate the Result

Now we compute the multiplication: $$ 0.05 \times 275,000 = 13,750 $$

The answer is $13,750$.

More Information

Finding a percentage is a common calculation in finance and everyday life. Understanding how to convert percentages into decimals is key for similar problems.

Tips

  • A common mistake is forgetting to convert the percentage into decimal form before calculation. Always remember to divide the percentage by 100 first.
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