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

  1. Convert percentage to a decimal To find 5 percent, we convert it to a decimal. This is done by dividing 5 by 100.

$$ \text{Decimal form of 5 percent} = \frac{5}{100} = 0.05 $$

  1. Multiply by the total amount Now, we need to multiply the decimal by 110,000 to find 5 percent of that amount.

$$ \text{Calculation} = 110,000 \times 0.05 $$

  1. 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.
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