116666.67 is what percent of 500000 - 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 500000 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 500000, so we can write it down as 100%=500000.
4. We know, that x% equals 116666.67 of the output value, so we can write it down as x%=116666.67.
5. Now we have two simple equations:
1) 100%=500000
2) x%=116666.67
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%=500000/116666.67
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 116666.67 is what percent of 500000

100%/x%=500000/116666.67
(100/x)*x=(500000/116666.67)*x       - we multiply both sides of the equation by x
100=4.2857141632653*x       - we divide both sides of the equation by (4.2857141632653) to get x
100/4.2857141632653=x
23.333334=x
x=23.333334

now we have:
116666.67 is 23.333334% of 500000