What is 5% of 1000?
Updated on December 28, 2023
Answer: 50
Percentage Calculations
To calculate 5% of 1000, convert 5% to a decimal (0.05) and multiply it by 1000. The formula is 0.05×1000=50. This calculation is important in various aspects of life, like calculating a tip at a restaurant or understanding a 5% discount on a product. This skill is particularly useful in budgeting and finance, where small percentages can translate to significant amounts.
FAQ on Percentages
What is 10% of 500?
50
What is 2% of 1000?
20
What is 7% of 200?
14
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