What is 5 percent of 110,000?
Understand the Problem
The question is asking for the calculation of 5 percent of 110,000. We can find this by multiplying 110,000 by 5/100.
Answer
$5,500$
Answer for screen readers
The answer is $5,500$.
Steps to Solve
- Convert percentage to a decimal To find 5 percent, we convert it to a decimal. This is done by dividing 5 by 100.
$$ \text{Decimal form of 5 percent} = \frac{5}{100} = 0.05 $$
- Multiply by the total amount Now, we need to multiply the decimal by 110,000 to find 5 percent of that amount.
$$ \text{Calculation} = 110,000 \times 0.05 $$
- Perform the multiplication Now we calculate the multiplication.
$$ 110,000 \times 0.05 = 5,500 $$
The answer is $5,500$.
More Information
5,500 is the amount that represents 5 percent of 110,000. This calculation is useful in various real-world applications, such as calculating discounts or sales tax.
Tips
- Not converting the percentage: A common mistake is to forget to convert from percentage to decimal before performing the multiplication. Always ensure you divide by 100 first.