29250.24 is what percent of 50000 - 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 50000 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 50000, so we can write it down as 100%=50000.
4. We know, that x% equals 29250.24 of the output value, so we can write it down as x%=29250.24.
5. Now we have two simple equations:
1) 100%=50000
2) x%=29250.24
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%=50000/29250.24
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 29250.24 is what percent of 50000

100%/x%=50000/29250.24
(100/x)*x=(50000/29250.24)*x       - we multiply both sides of the equation by x
100=1.7093876836566*x       - we divide both sides of the equation by (1.7093876836566) to get x
100/1.7093876836566=x
58.50048=x
x=58.50048

now we have:
29250.24 is 58.50048% of 50000