500.24 is what percent of 5000 - 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 5000 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 5000, so we can write it down as 100%=5000.
4. We know, that x% equals 500.24 of the output value, so we can write it down as x%=500.24.
5. Now we have two simple equations:
1) 100%=5000
2) x%=500.24
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%=5000/500.24
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 500.24 is what percent of 5000

100%/x%=5000/500.24
(100/x)*x=(5000/500.24)*x       - we multiply both sides of the equation by x
100=9.9952023028946*x       - we divide both sides of the equation by (9.9952023028946) to get x
100/9.9952023028946=x
10.0048=x
x=10.0048

now we have:
500.24 is 10.0048% of 5000