What is 0.00116 percent of 50000000 - 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 50000000 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 50000000 is 100%, so we can write it down as 50000000=100%.
4. We know, that x is 0.00116% of the output value, so we can write it down as x=0.00116%.
5. Now we have two simple equations:
1) 50000000=100%
2) x=0.00116%
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:
50000000/x=100%/0.00116%
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for what is 0.00116% of 50000000

50000000/x=100/0.00116
(50000000/x)*x=(100/0.00116)*x       - we multiply both sides of the equation by x
50000000=86206.896551724*x       - we divide both sides of the equation by (86206.896551724) to get x
50000000/86206.896551724=x
580=x
x=580

now we have:
0.00116% of 50000000=580