What is 80% of 500000?
Understand the Problem
The question is asking to find what 80% of 500,000 is. This can be calculated by multiplying 500,000 by 0.80.
Answer
$400,000$
Answer for screen readers
The answer is $400,000$.
Steps to Solve
- Convert the percentage to a decimal
To find 80%, we convert it to a decimal by dividing by 100.
$$ 80% = \frac{80}{100} = 0.80 $$
- Multiply the decimal by the total amount
Now, multiply 0.80 by 500,000 to find 80% of that amount.
$$ 80% \text{ of } 500,000 = 0.80 \times 500,000 $$
- Calculate the final result
Perform the multiplication to find the answer.
$$ 0.80 \times 500,000 = 400,000 $$
The answer is $400,000$.
More Information
Finding a percentage is a useful skill used in finance, business, and everyday situations. Understanding how to calculate what a certain percentage of a number represents can help you make informed decisions.
Tips
- Forgetting to convert the percentage: A common mistake is forgetting to convert the percentage to a decimal before multiplying. Always remember to do this step.
- Multiplying incorrectly: Ensure your multiplication is accurate to avoid errors. Using a calculator can help verify your answer.
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