1.06 is what percent of 60000 - 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 60000 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 60000, so we can write it down as 100%=60000.
4. We know, that x% equals 1.06 of the output value, so we can write it down as x%=1.06.
5. Now we have two simple equations:
1) 100%=60000
2) x%=1.06
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%=60000/1.06
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 1.06 is what percent of 60000

100%/x%=60000/1.06
(100/x)*x=(60000/1.06)*x       - we multiply both sides of the equation by x
100=56603.773584906*x       - we divide both sides of the equation by (56603.773584906) to get x
100/56603.773584906=x
0.0017666666666667=x
x=0.0017666666666667

now we have:
1.06 is 0.0017666666666667% of 60000