0.03 is what percent of 70000 - step by step solution

To get the solution, we are looking for, we need to point out what we know.

1. We assume, that the number 70000 is 100% - because it's the output value of the task.
2. We assume, that x is the value we are looking for.
3. If 100% equals 70000, so we can write it down as 100%=70000.
4. We know, that x% equals 0.03 of the output value, so we can write it down as x%=0.03.
5. Now we have two simple equations:
1) 100%=70000
2) x%=0.03
where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:
100%/x%=70000/0.03
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 0.03 is what percent of 70000

100%/x%=70000/0.03
(100/x)*x=(70000/0.03)*x       - we multiply both sides of the equation by x
100=2333333.3333333*x       - we divide both sides of the equation by (2333333.3333333) to get x
100/2333333.3333333=x
4.2857142857143E-5=x
x=4.2857142857143E-5

now we have:
0.03 is 4.2857142857143E-5% of 70000