70320.62 is what percent of 1200000 - 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 1200000 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 1200000, so we can write it down as 100%=1200000.
4. We know, that x% equals 70320.62 of the output value, so we can write it down as x%=70320.62.
5. Now we have two simple equations:
1) 100%=1200000
2) x%=70320.62
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%=1200000/70320.62
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 70320.62 is what percent of 1200000

100%/x%=1200000/70320.62
(100/x)*x=(1200000/70320.62)*x       - we multiply both sides of the equation by x
100=17.064695959734*x       - we divide both sides of the equation by (17.064695959734) to get x
100/17.064695959734=x
5.8600516666667=x
x=5.8600516666667

now we have:
70320.62 is 5.8600516666667% of 1200000