1.05 is what percent of 1030 - 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 1030 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 1030, so we can write it down as 100%=1030.
4. We know, that x% equals 1.05 of the output value, so we can write it down as x%=1.05.
5. Now we have two simple equations:
1) 100%=1030
2) x%=1.05
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%=1030/1.05
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 1.05 is what percent of 1030

100%/x%=1030/1.05
(100/x)*x=(1030/1.05)*x       - we multiply both sides of the equation by x
100=980.95238095238*x       - we divide both sides of the equation by (980.95238095238) to get x
100/980.95238095238=x
0.10194174757282=x
x=0.10194174757282

now we have:
1.05 is 0.10194174757282% of 1030